SOCIAL CLASS + INCOME

Question 1

how does income affect a person’s social class?

Answer 1

affects their access to a variety of things that might be regarded as desirbale in society

Question 2

examples of how income affects a persons social class

Answer 2

• food you eat
• the value and quality of houses
• electronical goods
• taking holidays abroad

Question 3

what are the main source of income for people in the UK

Answer 3

• earning from employment or self - employment
• state benefits
• pensions
• interests and dividends from savings and investments

Question 4

incomes derived from sources. name a few

Answer 4

• The family resources survey
• The annual survey of hours and earnings
• The British household panel survey = longitudinal

Question 5

AO2 for incomes in the UK

Answer 5

2013 Adele earned about 1000 times as much as the average British worker

Question 6

what is a trend in income distributions

Answer 6

incomes have become more unequal in last 30 years
1950-70s slight narrowing but 1980s it increased sharpley during thatcher. increased inflation
1990s it slowed down

Question 6

what do the government do in collecting tax

Answer 6

takes more tax from the rich and gives more to the poor with benefits

Question 6

what are the reactions of social income inequalities

Answer 6

• October 2011 occupy London protesters due to social injustice and lack of affordable houses in London

Question 6

what’s Marxist and Weberian perspective of this situation?

Answer 6

senior mangers and company directors are of the in a position to determine their own salaries so with that power can have their own organisation to create a norm of big rewards. whereas ordinary workers have to bargain for their rewards

Question 6

statics about taxes payed by the rich and the poor

Answer 6

poorest fifth pay £4800 in tax
richest fifith pay £29500 ONS

Question 6

What has functionalists and new right argued about income inequalities

Answer 6

unequal rewards are actually benefice for society as they ensure that those with talent are encouraged to work hard and use their abilities

Question 7

what does flow concept mean?

Answer 7

income flows in and out of peoples pockets in households

Question 8

what does stock concept mean?

Answer 8

associated with wealthy people who store their wealth through that

Question 9

what does the ONS define as forms of wealth for compiling official statics

Answer 9

• property wealth
• physical wealth
• financial wealth
• private pension wealth

Question 10

what are problems with measuring wealth?

Answer 10

• calculating the value of assets is difficult
• obtain data about wealth is not easy
• distinguishing wealth from income can be difficult
• much of the wealth in the form of shares in the business in the is now owned by insutuiosn.

Question 11

evaluate the distribution of wealth

Answer 11

wealth much more unequally distrusted in the UK
difficult to survive in the UK without income but a large proportion of population has little or no wealth
the poorest 50% of the population have only 10% of the wealth of the UK and poorest 10% have virtually no wealth

Question 12

what did rowlingson and Mullineux find?

Answer 12

• wealth inequalities occur differently
• some have higher income than others
• wealth affects physical and mental wellbeing
• low levels of income reduce the ability to avoid debt

Question 13

Are inequalities of wealth based on age or class?

Answer 13

age - because people tend to accumulate wealth as they get older

Question 14

what did the Birmingham Commission find that supports how wealth and age are linked together?

Answer 14

• 55-64 age groups have the highest levels of wealth = considerable inequality within this age group.
• the poorest 10th have less than £28,000 in wealth on average
• the top tenth who have more than £1.3 million

Question 15

is wealth based on meritocracy?

Answer 15

• people with talent + those who save money are rewarded by building more wealth. eg lord sugar who came from wc background

Question 16

what did Atkinson’s research show about the proportion of national income

Answer 16

increasing proportion comes from inherited wealth reversing a long-term decline in the importance of inherited wealth