The American Dream may have always been more myth than reality, but it appears that it's more myth than ever these days. The Canadian middle class is now doing better than the American middle class.
"Yet today the American dream has derailed, partly because of growing inequality. Or maybe the American dream has just swapped citizenship, for now it is more likely to be found in Canada or Europe — and a central issue in this year’s political campaigns should be how to repatriate it.
A report last month in The Times by David Leonhardt and Kevin Quealy noted that the American middle class is no longer the richest in the world, with Canada apparently pulling ahead in median after-tax income. Other countries in Europe are poised to overtake us as well."
See Nicholas Kristof's full op-ed.
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