Is the American dream really dying?

Sen. Ted Cruz of Texas, who’s running for the Republican presidential nomination, issued a stark warning recently. “Today, for the first time in history, a majority of Americans believe that our kids will have a worse life than we do,” Cruz told conservatives in South Carolina. …

Cruz is right that Americans are in a pessimistic mood. … But Cruz is wrong on another important point: There’s nothing new about this brand of pessimism. Pollsters have been hearing those sour sentiments from Americans for more than 30 years — ever since they started asking the question. CONT.

Doyle McManus, Los Angeles Times

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