American Dream slips out of reach for millennials, study finds
Rico Johnson says that when he was growing up, he never had to worry about having clothes or getting three meals a day.
His single mother, a human resources director at a San Diego nursing home, made enough to give him that peace of mind.
But Johnson, 33, now makes $12.50 an hour working at a Taco Bell in Richmond, Calif., and he struggles to make his paycheck cover the basics for his 10-year-old twins.
"Things I am dealing with now, (my mother) didn't have to deal with. ... It's heartbreaking," Johnson said. "I feel I am unable to provide my kids with the same opportunity."
His experience is the norm in America, a new study reveals.
Since the 1940s, it has become less and less likely that children will grow up to earn more than their parents, according to a working paper authored by researchers from Stanford and Harvard universities and the University of California, Berkeley, which was released online Thursday.
https://www.msn.com/en-us/news/us/american-dream-slips-out-of-reach-for-millennials-study-finds/ar-AAlkAyv?li=BBnb7Kz&ocid=edgsp
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