Earning Less Than Our Parents

The trend of the rate of people earning less that their parents will probably continue. It may flatten out at some point, but don’t bet on it.

In 1970, 92% of American 30-year-olds earned more than their parents did at a similar age, they found. In 2014, that number fell to 51%. – The American Dream is fading, and may be very hard to revive

Should the goal be to reverse this trend? Or should it be to realize it’s not going to change and instead adjust for it, so you can take appropriate action?