The American dream is officially over | Business and Economy

The best days of the American economy are long in the past, and better days for the US are unlikely in the foreseeable future.

The 20th-century idea of an “American Dream”  – where a sizable majority of people in the US could become or aspire to become middle-class, affluent or even extremely wealthy – is mostly dead in the second quarter of the 21st.

According to a report from Moody’s Analytics in February, the richest 10 percent of Americans (households with an annual income of…