Dream Hoarders by Richard Reeves

How the American Upper Middle Class Is Leaving Everyone Else in the Dust, Why That Is a Problem, and What to Do about It

This book argues that America’s upper-middle class is effectively ‘hoarding’ opportunities—using education, social networks, and policy advantages to secure prized positions for their children—thereby entrenching inequality even as they claim to believe in meritocracy. It traces how practices like exclusive schooling, residential segregation, legacy admissions, and occupational licensing produce a new elite whose advantages are often hidden behind the language of hard work. The author calls for policy changes to limit positional advantages and broaden access to opportunity, aiming to restore genuine social mobility and make the system fairer for the majority.

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