UNITED STATES OF AMERICA – WAGES ‘A recent paper by Raj Chetty of Stanford University and colleagues documents the “fading American dream”. In 1970 more than nine in ten 30-year-olds earned more, in inflation-adjusted terms, than their parents did at the same age. In 2014 only half did,’ Source: Fat tails, The Economist 07th Jan 2017, p30).