Social Class Flashcards
social class
group who share similar socio-economic position based on wealth, education, income, occupation
stratification
puts categories of people into a hierarchy
income
money a person owns from employment or investments
wealth
total money you have or if you sold off all your assets
capitalists
1%, makes money from things they own
upper-middle class
well-educated
middle class
high school diploma and some college experience
working class
high school or trade school
working poor
insecure and low-wage jobs
underclass
part-time, unemployed, inconsistent and unreliable work
social mobility
movement from ascribed to achieved position
upward mobility
movement to a higher social class
downward mobility
movement to a lower social class
cumulative advantages
advantages that are built up over generations and contribute to social class inequality
racial wealth gap
difference in wealth between black and white
meritocracy
personal responsibility and individual effort are sole determinants of success
GINI index
measures inequality across countries
absolute poverty
those without basic necessities, such as water, food, shelter
relative poverty
takes into account relative economic status of people
poverty threshold
minimum income level to obtain necessities of life
high-poverty neighborhoods
40% of the population is poor
homeless
lacks a fixed, regular, and adequate nighttime residence
point-in-time counts
estimates of sheltered and unsheltered homeless
chronically homeless individual
person with a disability
sheltered homeless
people staying in emergency shelters
unsheltered homeless
sleeps in a public or private place that is not designated for sleeping
