A Path to Downward Mobility: Today’s Youngest Americans Are Likely to Be Worse Off Than Their Parents
Tuesday, October 13th, 2009“Every generation of Americans should live better than its predecessor. That’s Americans’ core definition of economic “progress.”
But for today’s young, it may be a mirage. Higher health spending, increasing energy prices and stretched governments at all levels may squeeze future disposable incomes—what people have to spend—and public services. Are we condemning our children to downward mobility?…”