Making it to the Top
According to an article on CNN Money, an increasing number of economists’ claim that the US no longer lives up to its promise and that getting ahead is getting so tough that the very idea of the American dream is threatened. Some economists and policy makers worry about the dramatic widening of the gap between rich and poor. The top 1 percent of American families, for example, now own as much as the bottom 95 percent combined, the highest such gap among developed nations. Does this suggest that the American dream may be moving out? Although growing inequality offends many Americans’ sense of fairness, there’s no conclusive evidence – at least not yet – that it has lessened the odds of getting ahead. Getting rich will never be easy, whether you start poor or somewhere north of the middle. But the claim that the rich have pulled the drawbridge up behind them is simply false. In an economy as dynamic as this one, they can’t.
Posted by Keston at 4/13/2005 08:09:00 PM