Dream Hoarders: How The American Upper Middle Class Is Leaving Everyone Else In The Dust, Why That Is A Problem, An by Richard V. ReevesDream Hoarders: How The American Upper Middle Class Is Leaving Everyone Else In The Dust, Why That Is A Problem, An by Richard V. Reeves

Dream Hoarders: How The American Upper Middle Class Is Leaving Everyone Else In The Dust, Why That…

byRichard V. Reeves

Hardcover | June 13, 2017

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about

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.

Richard V. Reeves is a senior fellow in Economic Studies and co-director of the Center on Children and Families at the Brookings Institution.
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Title:Dream Hoarders: How The American Upper Middle Class Is Leaving Everyone Else In The Dust, Why That…Format:HardcoverDimensions:240 pages, 9 × 6 × 0.98 inPublished:June 13, 2017Publisher:Brookings Institution PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:081572912X

ISBN - 13:9780815729129

Reviews

Table of Contents

Contents:

1. Hoarding the Dream

2. A Class Apart

3. Growing Gains

4. Inheriting Class

5. Market Merit

6. Opportunity Hoarding

7. Sharing the Dream

8. Check Our Privilege

Notes

Acknowledgments

Index

Editorial Reviews

Warning: Reeves's book will challenge some of your assumptions, no matter what your views are. And he shows how innocent or even admirable actions in particular spheres can reinforce existing hierarchies. Dream Hoarders will shake you up, teach you a lot, and make you think muchharder.-E.J. Dionne Jr., Author of Why the Right Went Wrong and Our Divided Political Heart