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Uneasy Street

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A surprising and revealing look at how today's elite view their own wealth and place in societyFrom TV’s “real housewives” to The Wolf of Wall Street, our popular culture portrays the wealthy as ma...
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  • 29 August 2017
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A surprising and revealing look at how today's elite view their own wealth and place in society

From TV’s “real housewives” to The Wolf of Wall Street, our popular culture portrays the wealthy as materialistic and entitled. But what do we really know about those who live on “easy street”? In this penetrating book, Rachel Sherman draws on rare in-depth interviews that she conducted with fifty affluent New Yorkers—including hedge fund financiers and corporate lawyers, professors and artists, and stay-at-home mothers—to examine their lifestyle choices and their understanding of privilege. Sherman upends images of wealthy people as invested only in accruing and displaying social advantages for themselves and their children. Instead, these liberal elites, who believe in diversity and meritocracy, feel conflicted about their position in a highly unequal society. They wish to be “normal,” describing their consumption as reasonable and basic and comparing themselves to those who have more than they do rather than those with less. These New Yorkers also want to see themselves as hard workers who give back and raise children with good values, and they avoid talking about money.

Although their experiences differ depending on a range of factors, including whether their wealth was earned or inherited, these elites generally depict themselves as productive and prudent, and therefore morally worthy, while the undeserving rich are lazy, ostentatious, and snobbish. Sherman argues that this ethical distinction between “good” and “bad” wealthy people characterizes American culture more broadly, and that it perpetuates rather than challenges economic inequality.

As the distance between rich and poor widens, Uneasy Street not only explores the real lives of those at the top but also sheds light on how extreme inequality comes to seem ordinary and acceptable to the rest of us.

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Price: $29.95
Pages: 328
Publisher: Princeton University Press
Imprint: Princeton University Press
Publication Date: 29 August 2017
ISBN: 9780691165509
Format: Hardcover
BISACs:

SOCIAL SCIENCE / Social Classes & Economic Disparity, Social classes, SOCIAL SCIENCE / Sociology / Urban, SOCIAL SCIENCE / Popular Culture, Urban communities, Popular culture

"There's a lot of abstract talk about the 1 percent, but how do they really live? The sociologist Rachel Sherman’s new book, Uneasy Street: The Anxieties of Affluence, draws on her interviews with 50 wealthy New Yorkers to give us a sense. Sherman takes a dispassionate approach to find out how those who are 'benefitting from rising economic inequality' experience 'their own social advantages.' She elicits her subjects’ thoughts about work and productivity, charitable giving, marital discord and more. Worthwhile humanizing ensues, as do plenty of squirm-inducing moments."---John Williams, New York Times Book Review
Rachel Sherman is associate professor of sociology at the New School for Social Research and Eugene Lang College. She is the author of Class Acts: Service and Inequality in Luxury Hotels. Sherman lives in New York.