A book I'm reading now that I can comfortably recommend is The Vanishers by Heidi Julavits. Of course I'm only a third of the way in, give or take, so it could become a crushing disappointment by the time the ending rolls around. But I'm not expecting that, so barring updates...
It's about a promising young psychic named Julia Severn. "Promising" in that she started shorting out microwaves and streetlights at a young age, and could also read the lives of strangers. She's one of the initiates at a New Hampshire Academy nicknamed the workshop. While here she starts to work for an esteemed psychic named Madame Ackermann, who contracts her gifts out to wealthy clients. Unfortunately for Julia she completes one of these assignments herself while Madame Ackermann is under. It's unfortunate for her because Ackermann is on the same vanity and vengeance level as Snow White's stepmother. Her psychic attacks cause real physical ailments, and Julia lives an invalid's life when she moves to New York City.
Much of the novel takes place among a rarefied crowd. I refer not to telepaths, but to a class of intellectuals residing between the upper middle class and the actual 1%. That I think is a big part of the point. Pecking order is very important here, and those who violate it are subject to cruel punishment.
Light reading, perhaps, but with sharp flavors.