'American Dream' is now a myth. Kids no longer have it better off than their parents. (Rich get richer though)

http://www.alternet.org/economy/american-dream-now-myth-how-bad-policies-and-worse-ideology-ruined-us

Over the past few years of economic torpor and social despair there’s been a lot of discussion about the death of the American dream. This shouldn’t be surprising. In a time when people feel they can’t keep up or are falling behind, it’s hard to have faith in the idea that everyone can achieve a base level of security and provide for their kids to do better than they did. That was always the deal for working-class Americans, immigrants and middle-class alike.
Generally, people agree that the lack of social and economic mobility we see today — necessities for the achievement of the American dream — is a result of the dramatic income inequality that’s grown dramatically over the last couple of decades.