Chapter 8 : Social Class Flashcards
(15 cards)
Wealth
The total value of everything someone owns
Property
Material possessions
Income
Money received, usually from job
Power elite
C wright mills’ terms for the top people in US corporations, military, and politics who make the nations major decisions
Status
The position that someone occupies in a social group
Status inconsistency
Ranking high on some dimensions of social class and low on others
Status consistency
Ranking high or low on all three dimensions of social class
Underclass
Group of people whom poverty persists year after year and across generations
Inter generational mobility
The change that family members make in social class from one generation to the next
Structural mobility
Movement up or down the social class ladder that is due more to changes in the structure in society than to the actions of individuals
Exchange mobility
A large number of people moving up the social class later, while a large number move down; as though changing places
Poverty line
The official measure of poverty
Deferred gratification
Going without something in the present in the hope of achieving greater gains in the future.
Upper middle class
Most shaped by education. 15% of population
Lower middle class
Lower level management and technical positions. 34% of population
