i'm pleased to have roger altman back at this table. why will they? >> they will because the underlying cause of such voter anger that reflected itself in trump's election, i think is economic. there are just some basic facts that frame that. if you just look at wage trends, if you look at household income trends, if you look at the financial condition of american households, and if you look at income mobility, you see stagnation. >> rose: stagnation for two decades. >> yes, wages haven't risen in this country. the federal reserve does a survey every three years of what they call the wellbeing of the american household. they found 46% of american households could not meet a $400 emergency expense without borrowing or selling something. >> rose: and you suggest that signals a new era of extreme voter discontent? >> yes. >> rose: so the american dream, essentially you're suggesting, is over. >> yes. >> rose: because the dream was that each generation would do better than the previous. >> and the data shows today, and this is very profound research done

. ♪ ♪ charlie: roger altman is here.e founder and senior chairman of the investment banking firm evercore. he has an op-ed in today's washington post in which he writes, "the election of donald trump was the greatest presidential upset in modern u.s. history. now with his presidency reeling amid a special counsel probe and absence of legislative achievement and dismal approval ratings, many americans already seem to view his victory as the equivalent of a 100 year flood, in other words, the type of surprise that today's voters won't see again -- except they will." i'm pleased to have roger altman back at this table. why will they? roger: they will because the underlying cause of such voter anger that reflects itself and trump's election his economic. there are some basic facts that frame that. wage trends,t household income trends, the financial condition of american households and income mobility, you see stagnation. wages have not risen in this country essentially for 40 years, 0.2% as of the end of last year. real med