The Daily Ticker on Yahoo! has the story The ‘American Dream’ Is a Myth: Joseph Stiglitz on ‘The Price of Inequality’.

Even more than income inequality, “America has the least equality of opportunity of any of the advanced industrial economies,” Stiglitz says. In short, the status you’re born into — whether rich or poor — is more likely to be the status of your adult life in America vs. any other advanced economy, including ‘Old Europe’.

I know a family who has done very well for itself over the last 30 or so years.  With hard work and two income earners, they have a nice home and have raised three children who are all out of high school now.

One just graduated from college and is now working in a clothing store chain instead of working in the field studied at college.  The significant other of this person has a recent technical degree, but cannot get a job in that field of study.

Ironically, the one that did not get a college degree has started a business and is doing very well.  That business may well support the business owner and the spouse who struggles to find work commensurate with the field studied in college.

I wonder how the next generation of this family is going to fare.  Will they still hold onto their Republican leanings?