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. Sherman lives in New York.
"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
"There have been many cogent analyses of income inequality. Sociologist Rachel Sherman’s welcome addition probes the psychology and socio-economics of affluence."--Barb Kiser, Nature
"Sherman offers something new and surprising: a look inside the 1 per cent’s minds. . . . She shifts our understanding of today’s dominant class."--Simon Kuper, Financial Times
"Sherman's analysis is informative, insightful, and nuanced."--Glenn Altschuler, Psychology Today
"Although it is easy to judge the rich for [their] 'anxieties', Rachel Sherman suggests that this often distracts us from examining the wider 'systems of distribution that produce inequality'."--Matthew Reisz, Times Higher Education
"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
Table of Contents:
1 Orientations To Others Aspiring to the Middle or Recognizing Privilege 28
2 Working Hard Or Hardly Working? Productivity and Moral Worth 58
3 “A Very Expensive Ordinary Life ” Conflicted Consumption 92
4 “Giving Back,” Awareness, And Identity 122
5 Labor, Spending, And Entitlement In Couples 155
6 Parenting Privilege Constraint, Exposure, and Entitlement 197
Methodological Appendix Money Talks 239