Class Mobility within America

The mythology surrounding Horatio Alger is a powerful force within American culture: the idea that anyone can pull oneself up by the bootstraps to become financially successful. Surprising research by statistician Miles Corak shows that Americans have no more income mobility than Europeans — contradicting cultural presumptions of egalitarianism — and even less than Scandinavian countries, despite their heavy taxation. Marketing slowly meets reality in the American Dream... [from MetaFilter.com]