The myth of the American Dream
December 9th, 2013
07:46 AM ET
4 months ago

The myth of the American Dream

New York (CNNMoney) – The American Dream is supposed to mean that through hard work and perseverance, even the poorest people can make it to middle class or above. But it's actually harder to move up in America than it is in most other advanced nations.

It's easier to rise above the class you're born into in countries like Japan, Germany, Australia, and the Scandinavian nations, according to research from University of Ottawa economist and current Russell Sage Foundation Fellow Miles Corak.

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Filed under: Economy
soundoff (6 Responses)
  1. Bigdoglv

    I guess that is why so many around the world flock here to get a piece of that dream. Nice try CNN.

    December 9, 2013 07:51 am at 7:51 am |
  2. smith

    Doesn`t surprise me one bit. Many americans are fat, lazy, drunk, or stoned. People these days think if you just come work and do a satifactory job you should get promoted. Then there is the crowd that whines all day and cries woe is me, a disgruntled employee will go nowhere.

    December 9, 2013 08:10 am at 8:10 am |
  3. rs

    Thank the anti-democratic, pro-rich Republicans who have largely dictated economic policies that expanded the wealthy and corporate class ("corporations are people too, my friend" quoting Mr. Romney) at the expense of the rest of us.
    Therein lies to hypocrisy, the GOP is all for corporate welfare and socialism for the rich- not for those who actually need it.

    December 9, 2013 08:10 am at 8:10 am |
  4. Rick McDaniel

    The main reason the American Dream is a myth........is that there are no jobs in America to enable people to achieve self improvement through their own effort. There's no stepping stones, left in America, and the government is making that worse, by the DAY, with EPA regulations, and impediments to business of every possible kind.

    This is the most anti-business regime in history.

    December 9, 2013 08:24 am at 8:24 am |
  5. Rudy NYC

    Most liberals already know that the American Dream is practically dead. It's been dead for decades, since the end of the Vietnam War. Most conservatives would disagree with that opinion, just like they think giving money to rich people creates jobs.

    December 9, 2013 08:28 am at 8:28 am |
  6. The Republican Party Is Dead To Me

    Once the American dream did exist, but the republicans weren't happy and had to screw it up for one and all.

    December 9, 2013 09:03 am at 9:03 am |