Richard V. Reeves - 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 It

America is becoming a class-based society

America prides itself on being a classless society, where hard work and talent get you ahead. A place where status is earned, not inherited. At least, that's the idea. In fact, the United States is marked by a deepening class divide. Debates about inequality focus on the wealth of "super-rich," or the top 1 percent. But as Richard Reeves shows, the most important and consequential gap in American society is the one between the upper middle class--broadly, the top fifth--and everyone else.

The separation of the upper middle class can be seen in the income distribution, but also in family structure, neighborhoods, attitudes, and lifestyle. This is not just an economic divide but a fracturing of American society along class lines.

Reeves shows how high-income parents are now passing on their class status to their children, threatening American ideals of equal opportunity and social mobility. Upper-middle-class children become upper-middle-class adults; class separation becomes class perpetuation. "For Americans," Reeves writes, "this should set alarm bells ringing."

The upper middle class succeeds by accumulating skills and qualifications, but also by engaging in various forms of " opportunity hoarding," which make it harder for others to rise up to the top. These unfair mechanisms include zoning laws, college admissions procedures, and the allocation of internships. The result is a less competitive economy, Reeves argues, as well as a less open society.

Inequality is natural, even desirable, when it results from fair competition. Class gaps that result from unfair advantage, however, generate legitimate resentment from those who are excluded. It is not too late to close the gap, however. Reeves outlines practical steps toward restoring opportunity and weakening class distinctions. 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 social order.

Reading Richard Reeves on social mobility is like going for a good walk: he is bracing, head clearing, and ultimately inspiring. With rigor and wit, his new book shows how millions of successful, hardworking Americans, often with the best of intentions, have helped build a society where birth matters more than brilliance. Impassioned, data-driven, and focused on practical solutions, Dream Hoarders is a fine cure for an age of stale, cynical politics. --David Rennie, The Economist

Richard Reeves has long been one of the most authoritative, insightful, and sage voices on the big questions gripping modern societies. Here he tackles one of the most urgent--inequality and how to solve it--and comes up with serious answers. --Jonathan Freedland, The Guardian

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 much harder. --E.J. Dionne Jr., Author of Why the Right Went Wrong and Our Divided Political Heart

An important new perspective on equality and mobility from one of America's best-informed and most articulate commentators on that topic. Reeves provocatively turns the current policy debate upside down--not "how do we increase upward mobility?" but "how do we increase downward mobility?" Certain to enliven dinner party conversations among America's upper-middle class elite--so if you are in that group, this book is a must-read. --Robert D. Putnam, Harvard University, author of Our Kids: The American Dream in Crisis

Richard V. Reeves is a senior fellow in Economic Studies and co-director of the Center on Children and Families at the Brookings Institution.

 

 

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 Cover Image
$24.00
ISBN: 9780815729129
Availability: On our shelves now at one or more of our stores
Published: Perseus (for Brookings) - June 1st, 2017