Today I Learn… I make a point of learning something new everyday. This is what I learn each day

1, Dec 23, 2012

Where is the American dream?

Filed under: College,Economy — admin @ 12:12 am

Yesterday I talked about college degree and its following debts for many graduates. On 12/3 I read another even more depressing piece of news “Downward mobility haunts US education” by Sean Coughlan.

For many people, a part of the American Dream is the upward mobility through education. If they didn’t have college education and have been trapped in their economic status, their children will move upward through college education and that the children will always be better educated and more prosperous than the previous generation.

With the depressing job market, the prolonged economic downturn, and heavy student debts, that American dream, that upward mobility in the next generation is under serious threat.

“Andreas Schleicher, special adviser on education at the Organisation for Economic Co-operation and Development (OECD), says the US is now the only major economy in the world where the younger generation is not going to be better educated than the older.”

Instead of moving upward, are we going to see “downward mobility?” as some people suggest. The author cites many examples to reach this conclusion — yes, we will have “the opposite of a Hollywood ending.”

This is a serious matter for the future of U.S. economy and of course for the coming generation.

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