Bye, bye, Miss American pie
Even taking into account that the leap from the Great Depression to the 1950s was a one-time event that cannot be repeated, I am stunned by the graph left showing how different generations do relative to their parents. Read the article. The graph is based on data, not available until recently, that allows statistical linkage across generations. Leonhardt argues that the trend of those curves is more about economic distribution than economic growth. I would love to see similar graphs for some European nations.