You’re Now Twice as Likely to Achieve the ‘American Dream’ in Canada | WHAT REALLY HAPPENED


You’re Now Twice as Likely to Achieve the ‘American Dream’ in Canada

The study, authored by Raj Chetty, professor of economics at Stanford University, defined the concept as the ability for children born in the bottom fifth of income distribution to reach the top fifth. In the U.S. the likelihood of that is 7.5%, whereas in Canada children born in that group are twice as likely to rise to the top — at 13.5%. In the U.K. the likelihood of achieving that move from the bottom fifth to the top fifth is 9% and in Denmark it is 11.7%.

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