Is the American Dream still attainable? According to the most recent research, most Americans say “yes.”
Over three-fourths of Americans say they have either achieved the American Dream or are well on their way to doing so. Yet, despite public opinion, research from economists like Raj Chetty insists that the American Dream is fading or simply out of reach for an increasing number of Americans. This is echoed by none other than President Biden himself.
Clearly, the American Dream is a hot topic that Americans still deeply care about, unless, that is, you’re a candidate running for president in 2024. If you are looking for a candidate who cares about implementing a plan that enables more people to achieve the American Dream, there is nothing to feel but disappointment.
Continue reading at Real Clear Politics.
Justin Callais, PhD, is Chief Economist at the Archbridge Institute. He leads the institute's "Social Mobility in the 50 States" project and conducts original research on economic development, upward mobility, and economic freedom. Dr. Callais received his Ph.D. in economics from Texas Tech University and his B.B.A. in economics from Loyola University New Orleans. He serves as an economic consultant at Callais Capital Management, and he is co-editor of Profectus Magazine, an online publication dedicated to human progress and flourishing. In addition, he publishes a regular newsletter on Substack titled "Debunking Degrowth."
Economics of Flourishing
Is the American Dream still attainable? According to the most recent research, most Americans say “yes.”
Over three-fourths of Americans say they have either achieved the American Dream or are well on their way to doing so. Yet, despite public opinion, research from economists like Raj Chetty insists that the American Dream is fading or simply out of reach for an increasing number of Americans. This is echoed by none other than President Biden himself.
Clearly, the American Dream is a hot topic that Americans still deeply care about, unless, that is, you’re a candidate running for president in 2024. If you are looking for a candidate who cares about implementing a plan that enables more people to achieve the American Dream, there is nothing to feel but disappointment.
Continue reading at Real Clear Politics.
Justin T. Callais
Justin Callais, PhD, is Chief Economist at the Archbridge Institute. He leads the institute's "Social Mobility in the 50 States" project and conducts original research on economic development, upward mobility, and economic freedom. Dr. Callais received his Ph.D. in economics from Texas Tech University and his B.B.A. in economics from Loyola University New Orleans. He serves as an economic consultant at Callais Capital Management, and he is co-editor of Profectus Magazine, an online publication dedicated to human progress and flourishing. In addition, he publishes a regular newsletter on Substack titled "Debunking Degrowth."
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