Greg Beato on the Myth of Economic Immobility

In early
December, President Barack Obama delivered a major speech at a
packed $27 million arts-and-culture complex in one of the poorest
neighborhoods in the nation’s capital. His subject? The American
Dream, whose future, to hear the president tell it, was even more
uncertain than that of Popcorn and Caramel, the two Thanksgiving
turkeys he’d pardoned six days earlier. Obama has been decrying
America’s diminishing economic mobility, but Greg Beato highlights
a range of research that paints a very different picture: We’re in
a mobility renaissance.

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