Is the American Dream dead?

Buzz 60 video
Buzz 60 video

By Nathan Bomey | USA TODAY

If the American dream is defined as earning more money than your parents, today’s young adults are just as likely to have a nightmare as they are to achieve their dream.

Only 50% of people born in the 1980’s are making more than their parents, compared to 90% of children born in 1940, according to a new study by researchers at Stanford University, Harvard University and the University of California-Berkeley.

The study concludes that income inequality is the primary reason why many young people are left behind. Slower rates of economic growth are a secondary factor, according to the findings.

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