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It is a sign of an economically challenged country when the middle class is doing less well.
It is easy to get $500,000 of debt to go to school because university endowments funnel that money back into the market, so big business likes this. It is hard to get $500,000 of debt financing to grow or start a business.
I think the measure of economic health is how far hard work can get a person.
I think hard work and determination should be respected, valued, and rewarded.
I'm not sure that the Greatest Generation immigrant success stories are as likely today as they once were. But I believe that hard work can eventually lead to success, no matter what the starting point.
Will most Millenial or Gen X citizens outperform or equal their parents' or grandparents' quality of life? Not a sure thing in middle class work-for-a-living circles and that is a problem.
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