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Social Class Structure In America

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The social class structure in America is generally divided into mainly three strata: The rich constituting the upper class, the moderately affluent category comprising the middle class, and financially and socially backward people who form the lower class. There are also superimposing areas like the upper-middle class and the lower-upper class. The stratification is based on the social as well as economic environments. Although these classifications and entry to these statuses are not fixed, these three classifications give an overall perceptive of the social classification in the United States of America. (study.com)
People who are deemed to be part of the rich upper class constitute the owners of manufacturing units and they handle most of the country's private wealth by virtue of their enterprising nature. They keep on increasing their wealth using the funds that are already available with them. Many people in this category are key government personals, hefty entrepreneurs, or chief executives of organizations. They manage an enormous amount of wealth and have control over the national economy. They work on the principle that income is the earning or similar revenue that is periodically received; on the contrary, …show more content…

During the last several years America witnessed a scenario in which the volume of the rich is drastically increasing. This happened at the cost of a breakdown in the volume of middle-class and an increase in the volume of the poor. The most commonly used tool for measuring social inequality is the Gini coefficient. This is a scientific approach to finding the spread of wealth in a given geography. If the Gini coefficient is zero, it is a clear signal of perfect equality. If the Gini coefficient is one, it shows that the wealth in that area is not properly distributed. Studies show that America has much to improve in terms of Gini coefficient.

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