Social Class Inequality Flashcards
Stratification
Categorisation of people into socioeconomic strata
Social Class
Broad group in society having common economic, cultural or political status
Objective social class
Individuals are placed into social class
Subjective social class
How an individual sees themselves in social class
Underclass
Lowest social stratum, consisting of poor and unemployed
Great British Class survey
BBC teamed up with sociologists, surveyed over 160,000 people, came up with a new model for 7 groups
Life chances
The opportunities each individual has to improve his or her quality of life
Inequality
Inequality is looked at in terms of difference in income, opportunities etc
Absolute poverty
When you can not afford food, clothes or shelter
Relative poverty
Below an acceptable standard of living
HBAI
Household Below Average Income
Income
Income is a flow - money over a period of time
Wealth
Wealth is a stock of someone’s entire money worth
Social mobility
Ability to move up and down class system
Intergenerational mobility
Changes in social status between different generations