UK's Top Earners Feel Squeezed Despite Wealth, Turning Away From Society's Interests

The UK's top 10% earners feel financially squeezed despite high incomes, turning away from the rest of society. They misperceive their position and benefits from the state.
This group holds contradicting views, supporting meritocracy and small government while relying on inheritance and privatization. Their political influence maintains status quo.
Cracks appearing as good jobs move offshore, social mobility declines, and inflation rises. Withdrawing into private realm seems ineffective against rising inequality.
Their "small l liberal" views match policy outcomes more than other income groups. But some anxieties suggest their material interests may be changing.
Encouraging sociological imagination and appealing to future common good could build support for public investment and inclusive policies among high earners.

theconversation.com

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Posted 9/14/2023, 11:47:05 AM