Thu 24 May 2007
Money Gap Not Class-Related; It’s Age (Business & Media Institute)
Posted by Editor under Consumer , HousingScore one for the ol’ American Dream.
Many news reports had been telling us it was dead. But the May 21 USA Today offered some hope – and a brand new spin on the class warfare story the media often repeat.
“I’ve lived the American dream,” said a 55-year-old immigrant from India who now owns a 3,000-square-foot house. The story included several working Americans who were optimistic about their futures. Another was a Hispanic American who expressed confidence in the opportunity for upward mobility.
The USA Today report showed that working toward the future makes sense, because Americans earn more as they age – a common-sense conclusion that could change the “income inequality” debate.