This event will be held at our Clement street location.
Please join Green Apple Books on Tuesday, June 20th at 7pm as we welcome Richard Reeves, reading from and discussing his new book 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 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.”
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 mobility, inequality, and family change. Prior to joining Brookings, he was director of strategy to the UK’s Deputy Prime Minister.
America is becoming a class-based society.