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Deprecated: Implicit conversion from float 253.2 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534 ä-/-ä 2021 ; 8 (1): ä Nephropedia Template TP
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Rewealthization in twenty-first century Western countries: the defining trend of the socioeconomic squeeze of the middle class #MMPMID35822199
Chauvel L; Bar Haim E; Hartung A; Murphy E
ä-/-ä 2021[]; 8 (1): ä PMID35822199show ga
The wealth-to-income ratio (WIR) in many Western countries, particularly in Europe and North America, increased by a factor of two in the last three decades. This represents a defining empirical trend: a rewealthization (from the French repatrimonialisation)?or the comeback of (inherited) wealth primacy since the mid-1990s. For the sociology of social stratification, ?occupational classes? based on jobs worked must now be understood within a context of wealth-based domination. This paper first illustrates important empirical features of an era of rising WIR. We then outline the theory of rewealthization as a major factor of class transformations in relation to regimes stabilized in the post-WWII industrial area. Compared to the period where wealth became secondary to education and earnings for middle-class lifestyles, rewealthization steepens society's vertical structure; the "olive-shaped" Western society is replaced by a new one where wealth "abundance" at the top masks social reproduction and frustrations below.Supplementary Information: The online version contains supplementary material available at 10.1186/s40711-020-00135-6.