Data Show the “American Dream” Is a Fallacy and Americans Still Don’t Realize It

Quartz: “Economists at Harvard University recently published research on actual and perceived economic mobility in the United States and four European countries. They found an American public in denial. The data show that Americans believe the chance that a person who is born into the bottom 20% of households in income in the US can reach the top 20% in adulthood is more than 50% higher than in reality.”

“The researchers also discovered that, within the US, an overly optimistic outlook about economic mobility is concentrated in the parts of the country where actual mobility is lowest.”

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