This is the first generation of Americans in modern history expected to enjoy lower living standards than their forebears. It is the first generation in modern history whose life expectancy is dwindling. It is the first generation of modern Americans whose educational attainment is declining. It is the first generation of modern Americans who face less opportunity than their parents.
America’s Economy Is Officially Inside-Out
How is it economically possible for “growth” to rise while prosperity falls?
December 09, 2013