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Notice from the source document:
"Children’s and parents’ pre-tax incomes are measured at approximately age 30 at the household level, adjusting for inflation using the Consumer Price Index."
Note /household level/. Smaller households thus directly impact and skew this report.
Commented Dec 12, 2016 on The American Dream, Quantified at Last at Economist's View
The American Dream, Quantified at Last
David Leonhardt: The American Dream, Quantified at Last: ...Chetty, a Stanford professor, and his colleagues .... constructed a data set that shows the percentage of American children who earn more money — and less money — than their parents earned at the same age. The index is deeply alarming....
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