2 ms·
> It looks like if you consider fathers in the bottom income quintile in Sweden and the US, the Swedish father's son is roughly 75% more likely to make it to th
by randomdata 4y ago
> It looks like if you consider fathers in the bottom income quintile in Sweden and the US, the Swedish father's son is roughly 75% more likely to make it to the top quintile than the American
I'm not sure the American dream is income mobility, though. The American dream is wealth accumulation and amassing wealth often requires trading for a small, even no, income (e.g. founding a startup). At some point you will likely hope to cash out, but those capital gains will only be recorded as income approximately once in your lifetime.