Books The Dream Hoarders

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 is a compelling examination of the growing divide between America's upper middle class—the top 20% of earners—and the rest of the population.  Reeves argues that this group, often overlooked in discussions about inequality, plays a significant role in perpetuating economic and social disparities. 

The book introduces the concept of "opportunity hoarding," where the upper middle class secures advantages—such as access to elite education, favorable zoning laws, and exclusive internships—for their children, thereby limiting upward mobility for others.  Reeves contends that these practices create a "glass floor" for affluent children, which simultaneously acts as a "glass ceiling" for those from less privileged backgrounds.  

Challenging the common focus on the top 1%, Reeves highlights how the upper middle class's actions contribute to a rigid class structure, undermining the ideal of meritocracy.  He calls for policy reforms—such as ending legacy admissions and revising tax benefits—that would promote a more equitable society.  

Dream Hoarders is a thought-provoking read that urges self-reflection among the affluent and advocates for systemic changes to ensure the American Dream is accessible to