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
January 26, 2018 @ 1:00 pm - 3:00 pm
It is now conventional wisdom to focus on the wealth of the top 1%—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 – the top 20% – and everyone else. These people at the top of the income ladder are becoming more effective at passing wealth to their children, and – through zoning laws, schooling, occupational licensing, college application procedures, and the allocation of internships – more effective at keeping others from getting it. Richard Reeves argues that we can do much more to protect opportunity and prevent America from becoming the very class-based society that early Americans rebelled against.
The discussion will be moderated by Cybelle Fox of the UC Berkeley Sociology Department and Paul Pierson of the UC Berkeley Political Science Department.
This event is cosponsored by the Haas Institute for a Fair and Inclusive Society.
Friday, January 26, 1:00 pm
Banatao Auditorium, Sutardja Dai Hall, UC Berkeley
Lecture will be followed by a reception.
Richard Reeves is a senior fellow at the Brookings Institute, where he co-directs the Center on Children and Families. His work has appeared in the Atlantic, Democracy Journal, and the New York Times.
Cybelle Fox is associate professor of sociology at UC Berkeley. She specializes in race and ethnic relations, the welfare state, and historical and political sociology.
Paul Pierson is professor of political science at UC Berkeley. His research interests include American politics and public policy, comparative political economy, and social theory.