Social Classes And Its Impact On Economic Success Essay

Despite the debates about social class, the United States is usually described as having four major social classes, the elite or upperclass, the middle class, the working class, and the lower class (Goldscmidt). Classes are generally differentiated by income, education, and occupation although other factors do have an effect. The upperclass consists of about 1% of the population making 750,000 dollars or more a year as investors, top executives, or heirs to large fortunes (Hughes and Jenkins). There tends to be no question about who is in the upperclass as they are pretty clearly isolated in their power and wealth. The middle class makes up about 40% of the population making anywhere from 40,000 to 749,999 dollars a year (Hughes and Jenkins). The large disparity in income and wealth have led to a further division of this class into upper-middle class and middle class in some circles. The middle class usually work white collar jobs as professionals and managers, however some highly skilled blue collar workers are included. Those in the middle class have usually obtained higher education degrees and place a high value on individual responsibility for one’s class (Goldschmidt). The working class is composed of about 50% of the population earning 13,000 to 39,000 dollars a year (Hughes and Jenkins). Some also divide this class into a working class and a

Social class: social class is normally linked to a person’s income and the sort of job they do. People may discriminate against other people because they are of a different social class to themselves.

Social class is defined as a label that categorizes individuals based on their economic status, wealth, and

The very poor class contains all citizens that have a very low economic status. Most have no economic security, are unemployed, and have no education after high school. American citizens in this class have just enough money to survive. The poor class includes any American citizen who does not have enough money to have basic necessities. The working class includes American citizens who have enough to provide basic needs for their family. They do not have some of the simple luxuries; if they do; they have to save up to buy it. In the middle class, most citizens go to college. People in the middle class do not necessarily live paycheck to paycheck, but have enough money to spend on leisure. The next social class in America is the upper middle class, whose citizens mainly attend private or charter schools. ( Hancock, 1998). They hold professions such as doctors and

Social class describes the different "layers" that exist in society. These "layers," or classes in society, are a division that civilization has been running on ever since the beginning of mankind. In most modern societies, our system of social class division is one of opportunity. We experience a good deal of social mobility, where people through generations or in their own lifetime can move up or down the social scale. By examining the many different perceptions of social class along with S.E. Hinton's The Outsiders, it is illustrated that social class has an impact on people while they are growing up, and will usually deny them from rising above adversity.

Social class is a division of a society based on social and economic status which can include levels of wealth, success, power of authority, and influence. Status is can be defined or grouped having common economic, cultural, or political interests.

Although most people in the United States of America do not live in an upper-class household, this term is often correlated with income, wealth, power, and prestige. In fact, “approximately one percent of the U.S. population is considered to fall in this stratum” (2017 p.260). Nevertheless, the middle class are the rulers of the United States of America. Per Conley, the middle class is “a term commonly used to describe those individuals with nonmanual jobs that pay significantly more than the poverty line – though this is a highly debated and expansive category, particularly in the United States of America, where broad swathes of the population consider themselves middle class” (2017 p.262). In particular, the middle class is often correlated with white-collar workers, such as accountants, teachers, and attorneys. An abundant number of families in the United States of America are considered to be “poor.” In accordance with Conley, “in 2015, the poverty line for a family of four was $24,250” (2017

There are three wealth classes in the United States which begins at Upper, Middle, and Lower income or class. According to one source as of December 2014 during the “Great Recession” of 2007-2009 the average income of Upper-income families in the U.S. was $639,400. At the time the minim 2013 household income to meet middle income for one person was $22,000. (http://www.pewresearch.org/fact-tank/2014/12/17/wealth-gap-upper-middle-income/)

Social Class is a division of a society based on social and economic status. In today’s society there are three main social groups in America: upper, middle, and lower class; these rankings are contributed by mass amounts of factors, but one of the main factors that people cannot control is their race and ethnicity. Race and ethnicity, likewise as gender, can also play a part in a variety of other concerns such as, education level, income, and where you reside.

Of this group, about 1/3rd belongs to the upper-middle class. The annual income of person belonging to this group is $70-$75,000. The jobs that the typical upper-middle class person holds would have a prestige rating of 65 or higher. 2/3rd?s of the middle-class population is the lower-middle class. White-collared individuals make up the majority of this class, earning anywhere from $30,000 to $60,000 a year. Lower-middle class Americans have a set standard of priorities. They take pride in the fact that they are financially stable, and promote hard work, and press on education. Without education, the members feel that they would not be where they are economically, and preach the importance to their children so that they, too, can live a lifestyle very similar to that of theirs (Norton).

Social class refers to the system of stratification of the different groups of people in a society. These different forms of classification are, in most instances, based on gender ethnicity and age. Social class makes everyone’s lives extremely different. For example: How long one can expect to live. In a wide range of ways, from success, to one’s health class, social class influences people’s lives (Grusky,2003).

Social class is defined as a broad group in society having common economic, cultural, or political status. Where somebody comes from can effect somebody's decision to become involved with that person or not, can effect whether that person will be hired for a job or not and can often effect they way one is looked at and treated by society. Either way, class distinction is always evident within society.

The idea of social inequality dates back since the time of our founding fathers. The mistreatment and unlawful equality and opportunity that these foreigners received became embedded into our history—this endless list includes, just to name a few, the Irish, Chinese, Jews, and most notably the African Americans (Blacks), who became slaves to the American people. Here in the United States, the current social class system is known as the class system, where families are distributed and placed into three different existing class—the upper class (wealthy), middle class (working), and lower class (poor). Since then, improvisations have been worked on into the class system, establishing now roughly six social classes: upper class, new money, middle class, working class, working poor, and poverty level. Social stratification is a widely common topic of debate because there have since been many arguments and debates on this controversial situation of social inequality and how it relates to social class and social mobility. According to Economist Robert Reich, he states that "The probability that a poor child in America will become a poor adult is higher now than it was 30 years ago..." (Reich, par. 5), meaning the given amount of equality, opportunity, and support that these struggle families obtain have gone mainly unnoticed by the government that it has gotten worst. The constant uproar of social inequality and injustice that these middle and lower working class families stem

            The United States is a nation of diverse cultures.  People are classified as rich, middle class, or poor.  The rich are considered well educated and highly paid professionals; the middle class are semi-professional and educated working middle class; and the poor are the working under class with very little to no education.  Income is the most prominent indicator of class status, and education to occupation and income.

Socio-economic class is reflective of occupation and education, combined with wealth and income to position one relative to others in society. These factors play a significant role in shaping someone's life chances and choices. Social class has much to do with who we are today. For example, access to jobs and education is often determined through the categories of social location and identity. White, middle-class/wealthy, men and women, statistically speaking, are given more access to college entrance and corporate executive employment than to any other persons of any