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.
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 and Sherman lives in New York.
"At a time of growing class inequality, how do the wealthy grapple with their privileged economic position? In Uneasy Street, Sherman offers a remarkable look inside the world of affluence and shows how the liberal elite struggles to attain moral worthiness. This book skillfully advances our understanding of social class and makes an important contribution to the sociology of money."--Viviana A. Zelizer, author of Economic Lives
"Uneasy Street looks at how rich people talk about the choices they make about money, and how that talk constructs a moral universe in which they can claim legitimacy for their advantages. This book is full of astute observations and sensitive interpretations, and its argument is new and profoundly important."--Allison J. Pugh, University of Virginia
"This exceptionally interesting book examines how one group of wealthy people understands and experiences its extraordinary privilege. Sherman's analysis of elites is long overdue, especially as the popular discourse on inequality has exploded. Beautifully written, Uneasy Street is an exceptional piece of work."--Juliet Schor, author of True Wealth