How The American Upper Middle Class Is Leaving Everyone Else In The Dust And Why

The American upper middle class is leaving everyone else in the dust. This is a fact that is undeniable and has been documented by a number of studies. But what does that mean for the rest of us? And more importantly, why is it happening?

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

by Richard V. Reeves

4.2 out of 5

Language	:	English
File size	:	4751 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
X-Ray	:	Enabled
Word Wise	:	Enabled
Print length	:	199 pages

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In his book, How The American Upper Middle Class Is Leaving Everyone Else In The Dust, author Thomas Edsall explores the reasons why the upper middle class is pulling away from the rest of society. He argues that it is due to a number of factors, including:

• The rise of the knowledge economy. The upper middle class is benefiting from the rise of the knowledge economy, which requires workers who have a high level of education and skills. This has led to a wage premium for those with a college degree, and it has also made it more difficult for those without a college degree to find good-paying jobs.
• The decline of unions. Unions have traditionally been a way for workers to bargain for better wages and benefits. However, the decline of unions has made it more difficult for workers to negotiate with their employers, and this has led to a decline in wages and benefits for the middle class.
• The growth of the financial industry. The financial industry has grown rapidly in recent decades, and this has led to a windfall for those who work in the industry. However, this has also led to a widening of the wealth gap, as the financial industry is not as accessible to those who are not already wealthy.
• The increasing cost of housing. The cost of housing has been rising rapidly in recent years, and this has made it difficult for many people to afford a home. This is especially true for those who are not earning a high salary.
• The decline of the social safety net. The social safety net has been declining in recent years, and this has made it more difficult for those who are struggling to make ends meet. This is especially true for those who are unemployed or underemployed.

These are just some of the reasons why the upper middle class is leaving everyone else in the dust. The effects of this are far-reaching and include:

• A widening wealth gap. The wealth gap between the upper middle class and the rest of society has been growing wider in recent years. This is due to a number of factors, including the factors listed above.
• A decline in social mobility. It is becoming increasingly difficult for people to move up the economic ladder. This is due to a number of factors, including the factors listed above.
• A loss of faith in the American Dream. The American Dream is the idea that anyone can achieve success if they work hard. However, the reality is that the American Dream is becoming increasingly out of reach for many people. This is due to a number of factors, including the factors listed above.

The widening wealth gap, the decline in social mobility, and the loss of faith in the American Dream are all serious problems. They are a threat to our economy, our society, and our democracy. We need to address these problems before they get any worse.

How The American Upper Middle Class Is Leaving Everyone Else In The Dust is a must-read for anyone who is concerned about the future of America. Edsall provides a clear and concise analysis of the problem, and he offers some concrete solutions that we can implement to address it.

If you are interested in learning more about the American upper middle class and the challenges facing the rest of society, I highly recommend reading this book.

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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 It

by Richard V. Reeves

4.2 out of 5

Language	:	English
File size	:	4751 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
X-Ray	:	Enabled
Word Wise	:	Enabled
Print length	:	199 pages

FREE