Card Set Information
The system in which some people get more of fewer rewards than others
What is Income?
What is Assets?
- Income : Salary
- Assets : Income producing property.
A category of people who have about the same amount of income, power, and prestige.
The ability to control the behavior of others, even against their will
A relatively rigid stratification system in which people's positions are ascribed and fixed.
A relatively open stratification system in which people's positions are achieved and changeable
Movement from one social class to another
Movement from one job to another within the same social class.
Moving up or down the status ladder
A change in social class from one generation to the next
A change in an individuals social standing
Social mobility related to changes in society
The lack of minimum food, shelter, and clothing necessary for maintaining life.
Feminization of poverty
A huge number of women bearing the burden of poverty, mostly as single mothers or heads of families
The likelihood of living a good, long successful life in a society.
Tastes, preferences, and ways of living
The ability to control the behavior of others, even against their will.
A small group of top leaders not just from business corporations but also from the federal government and the military
A state of deprivation resulting from having less than the majority of the people have
Upper Upper 1% - 2%
Old Aristocracy of birth and wealth
Most of their income is earned from investment
"out of sight class"
Social clubs, prep private schools.
Lower Upper 2% - 3%
Achieved...created their own wealth.
Don't have family name.
Billionaires and millionaires such as real estate employers.
Can become members of the upper upper through marriage.
Upper Middle (affluent class) 10% - 15%
High level of education
top of their profession
actively participate in political and community life
live in enclosed estates
concerned with childrens personal education and career advancement.
Middle Middle (suburban class) 15% - 20%
Obtained the American dream (owning a home in suburbs)
White collar professionals - business,law,education etc.
two incomes from husb. and wife.
PLASTIC MONEY ISSUES
anxiety about jobs especially in downsizing
Lower Middle (diverse class) 15% - 20%
Pink collar workers - lower level or entry level
Upper Lower (working Class) 20% - 30%
blue collar, male dominated
less formal education for work, but job training
make more money than lower middle
less prestige because of physical labor.
Lack fringe benefits unless with union.
Middle Lower (working poor) 10% - 15%
Very difficult time amking a living
full time / part time jobs minimum wage.
not poor, but barely make enough for family of four.
22,000 four a fam of 4 (2010)
Lower Lower (Poverty Class) 10% - 20%
Isolates itself from the social class
decaying urban neighborhoods
Old Underclass + new underclass.
Income & Assets %
20% Upper Class
60% income, 80 % Assets
80% Lower class
40% of income, 20% of assets