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Dream Hoarders: How the American Upper Middle Class Is Leaving Everyone Else in the Dust, Why That Is a Problem, and What to Do about.

Author: Richard V Reeves
Publisher: Brookings Institution Press, 20170613.
Edition/Format:   Print book : English
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"America is becoming a class-based society. It is now conventional wisdom to focus on the wealth of the top 1 percent-especially the top 0.01 percent-and how the ultra-rich are concentrating income and prosperity while incomes for most other Americans are stagnant. But the most important, consequential, and widening gap in American society is between the upper middle class and everyone else. Reeves defines the upper  Read more...
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Document Type: Book
All Authors / Contributors: Richard V Reeves
ISBN: 9780815729129 081572912X
OCLC Number: 1003791372
Contents: Contents:1. Hoarding the Dream2. A Class Apart3. Growing Gains4. Inheriting Class5. Market Merit6. Opportunity Hoarding7. Sharing the Dream8. Check Our PrivilegeNotesAcknowledgmentsIndex

Abstract:

America is becoming a class-based society. It's now conventional wisdom to focus on the excesses of the top 1%. But the more important, and widening, gap in American society is between the upper  Read more...

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Richard V. Reeves is a senior fellow in Economic Studies, co-director of the Center on Children and Families, and editor-in-chief of the Social Mobility Memos blog. His research focuses on social Read more...

 
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    schema:description ""America is becoming a class-based society. It is now conventional wisdom to focus on the wealth of the top 1 percent-especially the top 0.01 percent-and how the ultra-rich are concentrating income and prosperity while incomes for most other Americans are stagnant. But the most important, consequential, and widening gap in American society is between the upper middle class and everyone else. Reeves defines the upper middle class as those whose incomes are in the top 20 percent of American society. Income is not the only way to measure a society, but in a market economy it is crucial because access to money generally determines who gets the best quality education, housing, health care, and other necessary goods and services. As Reeves shows, the growing separation between the upper middle class and everyone else can be seen in family structure, neighborhoods, attitudes, and lifestyle. Those at the top of the income ladder are becoming more effective at passing on their status to their children, reducing overall social mobility. The result is not just an economic divide but a fracturing of American society along class lines. Upper-middle-class children become upper-middle-class adults. These trends matter because the separation and perpetuation of the upper middle class corrode prospects for more progressive approaches to policy. Various forms of "opportunity hoarding" among the upper middle class make it harder for others to rise up to the top rung. Examples include zoning laws and schooling, occupational licensing, college application procedures, and the allocation of internships. Upper-middle-class opportunity hoarding, Reeves argues, results in a less competitive economy as well as a less open society. Inequality is inevitable and can even be good, within limits. But Reeves argues that society can take effective action to reduce opportunity hoarding and thus promote broader opportunity. This fascinating book shows how American society has become the very class-defined society that earlier Americans rebelled against-and what can be done to restore a more equitable society.""@en ;
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