Posted on 04/11/2016 3:06:43 PM PDT by yoe
Federal Reserve official William Dudley said America is no longer the top country for achieving the American Dream in remarks on economic opportunity and income mobility at a conference in New York on Monday.
“While income mobility in the United States has been relatively unchanged, it remains well below several other nations,” Dudley said. “The probability of moving from the bottom quintile to the top quintile is 7.5 percent in the United States, as compared to 11.7 percent in Denmark and 13.5 percent in Canada—two countries with relatively high levels of intergenerational mobility.”
“So effectively the chance of achieving the American Dream is not the highest for children born in
(Excerpt) Read more at freebeacon.com ...
The Fed gubmint, including the EPA, ZeroCare, IRS rules, etc., crushing small businesses to DEATH with oppressive regs is the single most contributing factor to making the ‘American dream’ impossible today.
- Benjamin Franklin
"When liberty is denied, prosperity flees."
- AMPU
Canada? Seriously? Where a run-down piece of crap house in Vancouver can cost over a million dollars when a hundred miles south in Washington that same house would be overpriced at 150K? That Canada?
Nuts!
The difference between Canada and the US?
Demographics. That’s your clue.
Progressives (i.e., Democrats) do that to economies.
I feel bad for that poor teacher. Baby, if you are reading this, FReepmail me. I’ll take you in.
This is true. Welfare combined with a large illegal workforce is bound to destroy the chances of those at the bottom of the economic ladder.
This is true. Welfare combined with a large illegal workforce is bound to destroy the chances of those at the bottom of the economic ladder.
Why do those nit-wits call it the AMERICAN dream if America is so lousey.??
With the insanity this government is putting out,I believe the population is doing pretty good relatively speaking.Not sure what getting to the top of socialist country what achieve,apart from pushing your tax bill through the roof.
Mind you it takes a socialist to explain the American dream means getting rich,the freedom to express yourself and to be free from tyranny is apparently inconsequential.
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