A recent study by renowned economist Joseph E. Stiglitz has revealed a sobering trend: only approximately half of Americans born after 1980 can anticipate surpassing their parents’ earnings. This figure stands in stark contrast to the 90% of those born in 1940 who achieved the same milestone. This decline in economic prospects highlights the growing disparity and challenges faced by younger generations in today’s economic landscape.
Diminished Economic Prospects for Post-1980 Americans
