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American Dream Or Mirage Analysis

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Summary of “American Dream? Or Mirage?” In their article “American Dream? Or Mirage?” Michael W. Kraus, Shai Davidai, and A. David Nussbaum claim that people of all economic value are oblivious to the rising movement in economic value especially with higher and lower economic background and that there's a psychological reason for this. Americans across the economic spectrum overestimate how many people can reach their American Dream. For instance, an independent study discussed how people overshot the probability of people from the lowest economic background to the top 3 economic quintiles. The people tested overestimated the chance by 15%, concluding that 45% of individuals can rise in the spectrum. The top two quintiles that overshoot

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