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 in 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 Thursday 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)
Richard Reeves is a senior fellow in Economic Studies at the Brookings Institution. He's also co-director of their Center on Children and Families. His book is called 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. [Indie bookstores|Amazon].