SOC 112 Module Four Worksheet

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SOC 112 Module Four Worksheet Wealth Inequality in America Watch the video Wealth Inequality in America (the captioned video is available at Wealth Inequality in America CC ). Then read the article “Income Inequality in America: Understanding Wealth Inequality, Its Causes, and Solutions” (in Module Four Resources). Finally, answer the following questions in complete sentences (1–3 sentences per question). You will need to support your answers with at least one scholarly source. Your responses will be graded using the Module Four Worksheet Rubric. To complete this worksheet, replace the bracketed text with the relevant information. Questions Your Answers 1. Describe your initial reaction to the concepts in this video. I was very shocked. I knew that there was wealth inequality in the US. However, I was not aware that it was so drastic and that the 1% had such a high percentage of 40% of America’s wealth (SNHU A11y Remediated Videos, 2016). 2. Did any of the information in the video surprise you? Why or why not? The fact that the top 1% owns 50% of the stocks, bonds, and mutual funds was very surprising. It surprises me that it was that high. I have always been told to invest to have something for retirement and was surprised that there was such a difference (SNHU A11y Remediated Videos, 2016). 3. Discuss how a person’s social class (also referred to as socioeconomic status) can affect his or her chances of success. Some people believe that poor people are kept poor by society. Society blocks poor people from advancing on the socioeconomic ladder. They are told they do not have the proper skills to advance, and others believe that they are poor because they deserve it since they are lazy. These factors reinforce motivational consequences for lower-class people to believe they cannot move up the ladder (Laurin & Engstrom, 2020).
References (Please include at least one academic reference here and include relevant in-text citations in the chart above.) Laurin, K., & Engstrom, H. R. (2020). The context of low socioeconomic status can undermine people’s motivation for financial success. Current Opinion in Psychology , 33 , 105–109. https://doi.org/10.1016/j.copsyc.2019.07.016 SNHU A11y Remediated Videos. (2016, October 4). SOC-112: Wealth Inequality in America CC [Video]. YouTube. https://www.youtube.com/watch?v=DZtTer9w1IY
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