Brookings Mountain West
This lecture blends economics, philosophy and policy analysis to examine the growing gap between the upper middle class (broadly the top 20 percent) and the majority of Americans. In terms of dollars, but also education and skills, social capital, health, lifestyle and leisure attitude and zip code - not just by standard of living, but a way of life. The inheritance of upper middle class status in the next generation results from a growing gap in human capital formation, or ‘market merit’, and from a degree of ‘opportunity hoarding’. What changes are required to ensure that the American Dream is not hoarded, but shared?
economics; philosophy; policy analysis; upper middle class
Economics | Finance
Dream Hoarders: The Dangerous Separation of the American Upper Middle Class.
Available at: http://digitalscholarship.unlv.edu/brookings_lectures_events/114