American Dream Dying: The Changing Economic Lot of the Least Advantaged
This book is based upon two premises. The first is that the pervasiveness of the withering of the American Dream is a story with which few Americans are familiar. They are familiar with recent difficulties of the middle class, but know little about how the "Dream" has been disappearing over the past three decades for those lower down the income scale.
The second premise is that this story can only be told using aggregate data, not anecdotes. The text is short, free of jargon, and can easily be covered in a few hours. For many readers, however, the careful scrutiny of a succession of graphs will be an unfamiliar and demanding task. The key word in the previous sentence is "careful." Only with such scrutiny can the magnitude of the transformation under way be fully grasped. With that grasp will come, at minimum, a sense of profound unease if not outright alarm.
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American Dream annual Audacity of Hope Author's analysis average Bank of San Barack Obama Bob Herbert borrowers Boston College bottom Business Week causal Center for Education Center for Retirement changes chapter College Board college costs college degree coverage Current Population Survey debt decline Department of Education economic ladder economic mobility Economist Education Statistics educational attainment employer evidence Federal Reserve Bank figure financial security foreclosure four-year colleges Francisco Economic Letter globalization growing number health insurance high school Hispanic homeownership rates income distribution income growth increase inequality inflation institutions labor market median minimum wage National Center Obama output pension percent percentage Peter Tobin Population Survey Historical problem programs prospective quartile question quintile race recent Research at Boston rise roughly San Francisco Economic shift significantly skills Source standard of living trend U.S. Census Bureau U.S. Department unemployment union upward mobility variables volatility Washington workers York