The shrinking road to riches in America

In a free-market economy, everyone is supposed to have the chance to get rich. The dream of making it big motivates people to take risks, start businesses, stay in school and work hard.

Unfortunately, in the United States, that dream seems to be dying. There are still plenty of rich people in the US, and their wealth is increasing. But people outside that top echelon are having a tougher time breaking in.

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A version of this article appeared in the print edition of The Straits Times on August 16, 2019, with the headline 'The shrinking road to riches in America'. Print Edition | Subscribe