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Uneasy Street - The Anxieties of Affluence (Hardcover, 2nd edition)
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Uneasy Street - The Anxieties of Affluence (Hardcover, 2nd edition)
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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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