The American Dream Is Not Dead

Executive Summary

Does hard work pay off? Do workers enjoy the fruits of their labor? Can a child living in poverty grow up to be financially successful? These are the questions Dr. Michael R. Strain, director of economic policy studies at the American Enterprise Institute, answers in his new book, The American Dream Is Not Dead: (But Populism Could Kill It).

Populists on both sides of the political aisle routinely announce that the American Dream is dead. According to them, the game has been rigged by elites, workers can’t get ahead, wages have been stagnant for decades, and the middle class is dying. 

This rhetoric is dangerous and wrong. Dr. Strain shows that on measures of economic opportunity and quality of life, there has never been a better time to be alive in America.