chapter 12 flashcards
why do we apply the Family Life Cycle?
- to segment households
what is FLC?
it combines trends in income and family composition with the changes these demands place on this income
what is Achieved Status?
status that is achieved through hard work or diligent study
what is Ascribed Status?
status that is achieved because they were lucky enough to be born with a “silver spoon in their mouth”
how do we measure Social Class?
members of every society are divided into “haves” and “have nots”. a consumer’s standing in society, or social class, is determined by a complex set of variables that include aspects like income, family background, education, and occupation
what problems are there when Measuring Social Class?
Social class measurement faces challenges due to its subjective nature, multidimensional aspects, and changing work landscape. Traditional measures relying on occupation may not reflect modern job structures. Cultural, regional, and global variations, along with social mobility, complicate measurements. Inequality within classes, data reliability issues, and intersectionality further add complexity. To improve measurements, a combination of indicators and qualitative approaches considering context and historical factors is necessary.
