Unthanksgiving
By Joel Hirschhorn
Most Americans have succumbed to tradition and advertising and stuffed their bellies with unhealthy food and stuffed their shopping carts with unnecessary stuff. Now, here are some tough facts about the sad state of the American economy from the late 1960s to the early 2000s, as revealed recently by the Economic Mobility Project.

Anyone who still gives thanks for the classic American dream of rising from poverty to riches is not facing reality. Research has documented that only 6 percent of children born to parents with family income in the bottom fifth of the income spectrum move to the top fifth. The rags to riches story is garbage. Meanwhile, an amazing 42 percent of children born into that lowest fraction remain stuck in that lowly economic class, not even making into middle class status. At the other end, four out of 10 children born to rich parents stay rich.

Looking more generally at economic mobility this is reality: 34 percent of Americans make more than their parents' family income and move up at least one rung on the economic ladder. But more experience downward mobility, with 38 percent moving down the economic ladder.

What about black Americans?
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