The Dream Hoarders: How America’s Top Percent Perpetuates Inequality

Like the flash of an X-ray, the controversy revealed the most important fracture in American society: the one between the upper middle class, broadly defined as the top fifth of society, and the rest. The popular obsession with the top 1 percent allows the upper middle class to convince ourselves we are in the same boat as the rest of America; but it is not true. In his book Twilight of the Elites, the liberal broadcaster and writer Chris Hayes positions the upper middle class as losing out: “The upper middle class [are] people with graduate school degrees, homes, second homes, kids in good colleges, and six-figure incomes.

Source: bostonreview.net