Social factors that affect household income

Question 1

What are the main social factors that affect household income?

Answer 1

Age
Gender
Socio-economic status
Culture

Question 2

At what age does income begin to increase?

Answer 2

Income tends to increase as individuals get older and move up the payscale

Question 3

Why does income usually increase as a person gets older?

Answer 3

As the individual is considered more experienced

Question 4

As a person ages their income generally increases, what also increases along with this?

Answer 4

Monthly outgoings such as mortgage payments and childcare

Question 5

What might a teenager do to alleviate financial strain on their families?

Answer 5

They may take on a part-time job

Question 6

Why might a teenager take on a part-time job?

Answer 6

To earn a source of income which they can spend on their own wants or use to alleviate financial strain in families

Question 7

Why might people experience a drop in income when they reach 66 years of age?

Answer 7

If they have not been paying contributions into a private pension they will receive the State Pension which is usually much less then an individual’s income

Question 8

Outline how age affects household income

4 main points

Answer 8

Income increases as age increases and a person moves up the payscale
Monthly outgoings increase as a person gets older
Teenagers may take on a part-time job to alleviate financial family strain or for their own wants
Decrease in income when a person retires if they use the State Pension

Question 9

What does an increased number of women in the workplace result in?

Answer 9

More dual-income homes with greater income

Question 10

What legislation ensures equal pay for equal work regardless of gender?

Answer 10

The Employment Equality Act

Question 11

What does the Employment Equality Act ensure?

Answer 11

Equal pay for equal work regardless of gender

Question 12

In Ireland, do men or women earn more money?

Answer 12

Men

Question 13

In Ireland, do men or women dominate managerial roles?

Answer 13

Men

Question 14

Outline how gender affects household income

3 points

Answer 14

Increased number of women in the workplace results in more dual-income homes with greater income
Legislation such as the Employment Equality Act helps ensure equal pay for equal work regardless of gender
Men still earn more than women and they dominate managerial positions

Question 15

What generally happens to a person from a low-socio economic background?

Answer 15

Lower-socio economic background results in fewer educational opportunities

Question 16

What usually happens to a person from a high-socio economic background?

Answer 16

They tend to have greater educational opportunities

Question 17

What does few educational opportunities result in?

Answer 17

Progression into unemployment or low-paid jobs

Question 18

What happens when an individual progresses into unemployment or a low-paid job?

Answer 18

They have little opportunity for career advancement or increased income

Question 19

What does greater educational opportunities lead to?

Answer 19

Advancement to third-level education and the probability of obtaining higher-paid jobs

Question 20

Outline how socio-economic status affects household income

Answer 20

Low socio-economic background gives few educational opportunities resulting in unemployment or low-paid jobs and therefore little opportunity for career advancement or increased income

High socio-economic background gives greater educational opportunities resulting in advancement to third-level education and the probability of obtaining higher-paid jobs

Question 21

Outline how culture affects household income

Answer 21

Salaries for the same occupation differ from country to country
Culture dictates whether it is acceptable for women to participate in the workplace and earn an income