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Quote by Raj Chetty

“I would say basically the commonplace observation that kids aren't going to earn as much as their parents is now is a coin flip at this point. Are you going to do better than your parents? It's a 50-50 chance, whereas if you were born in the 1940s or 1950s, you had more than a 90 percent chance you were going to do better than your parents. So basically almost a guarantee for most kids that you were going to achieve the American Dream of doing better than your parents did. Today, that's certainly no longer the case.”

Quote by Raj Chetty

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Raj Chetty
Raj Chetty

Raj Chetty is a renowned economist born on August 4, 1979. His research in economics covers areas such as tax policy, educational equity, and the labor market. Chetty is known for his innovative research and profound insights into social issues. more

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