Dream Hoarders

Apr 17, 2018

Scholar Richard Reeves describes a growing chasm between the upper middle class and the 80% of Americans whose opportunities have stagnated. He says it's that 20% that are hoarding the American dream.

The scholar Richard Reeves was raised in the U.K., and he hates the sense of class consciousness he says pervades there. That was part of the appeal of becoming an American citizen. In his latest book though, Reeves describes a growing chasm between the upper middle class and the 80% of Americans whose opportunities have stagnated. Reeves joins Doug to talk about the ways this “favored fifth” is pulling away from the rest of the nation, and what it means for the American dream. (Rebroadcast)