In the last half century, children’s prospects of doing better than their parents has decreased by almost half, from 90% to 50%. The decrease is due much less to the decrease in GDP than it is to the unequal distribution of wealth during that time. If the growth in the past 50 years were distributed more broadly, children’s chance of achieving the American Dream would rise to 80%.
The death of the American Dream is a major symptom of the way the captured American government and its economy has been rigged for the very few. As such, it also serves as a major impetus for our independence movement, as we grow weary of an oligarchy that takes our money while pushing an agenda only beneficial to themselves. The American Dream can live again in California if we really want it.