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Quotation of the Day…

… is from page 93 of Michael Strain’s important 2020 book, The American Dream Is Not Dead (But Populism Could Kill It):

Adults [in America] who were raised in the bottom quintile have a family income about 2.5 times as large as their parents did when their parents were in their 40s. And across all quintiles, adults today have higher family incomes than did their parents.