Ronald Brownstein:
Is The American Dream A Myth?
In the generation after World War II, the median income roughly doubled, increasing faster for those on the lower rungs of the ladder than for those at the top. Since 1979, the median income has advanced much more slowly overall, and it has grown much faster for the affluent than for those below them. Today,… family incomes are higher than in the 1970s almost entirely because women are working…; men in their 30s today earn less than their fathers did at the same age.