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.
