The Class Of Middle Class In Bangladesh

America’s classes appear to be split up in three sections: Upper, Middle, and Lower class. People categorize each other depending on what they wear, where they live, who they associate with, and what jobs they have. Income and wealth have a substantial part of the American class.

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

First of all ; “Social is a set of concepts in the social sciences and political theory cantered on models of social stratification in which people are grouped into a set of hierarchical social categories”.(Andrew, 2001) There are three common stratum model ; upper class , middle class and lower class. These classes divided according to little concepts: upper class(wealthy and powerful) owns and controls production; a middle class is small business owners, and low-level directors and a lower class having low-paying wage jobs and rarely getting money but also having enough money to live . The upper class is the social class contains people who are rich or wellborn or both. The middle class also named Bourgeoisie is group of people in society who stay socio-economically between the lower and upper classes. However lower class are those people who employed in low-paying wage jobs also persons with low income.

The concept of social class has been around for ages and is still a part of today’s society. Social class is not only based on the individual’s wealth but also on their social standing such as; monarchs, priests, nobles, merchants, and peasant class. The peasant class was practically ignored, which means that the higher classes would only pay attention to each other. This can be the case in society today, there are some people who feel that their career makes them higher than a janitor. Even though humans have been around for centuries, social class is still a big issue.

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

Since the beginning of time there has been separation of economic classes; the poor, middle class, working class, and upper class. Most people are considered or identifies as middle class or the working class.

In America the middle class is nothing short of substantial, and this was paralleled when the class was first born in feudal Europe, due to the Crusades, along with many other impacts. The Crusades’ most impactful repercussions were the expansion of trade and the rise of the new middle class. The former revolves around how the growth of trade lead to the growth of other aspects in medieval times. For example, the Crusades causing more trade led to more complex banking styles, like bills of exchange. Not only this but they also attracted more people into Europe, consequently expanding cities and towns. This is important because the bills of exchange -- although not tremendously influential then -- eventually lead to debit cards today, and the

Describes in detail, the hard work and suffering the lower classes go through on a daily basis (56,127, 220, 221)

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

“Approximately 13 percent of the American population- that is, nearly, of every eight people in this country- live below the official poverty line,” (Mantsios 179). I define being wealthy as having an immense amount of money, enough to not be stressed about paying bills.

Growing up under a middle class household I was able to experience some of the rules that come along with the class. Each class and rule come with lifestyles that will affect your each and every day. The rules of the middle class can affect our future from talking to our kids about college, to decorating the house as a youngster, and even repairing items in the house right as they break or knowing someone who can fix the problem right away.

Stagflation is a word used to describe both a stagnant economy coupled with inflationary prices. To understand the reasons for this event, the United States global economy must be brought into the picture. Once the leading producer of many exported goods, in 1971, the United States reached a trade deficit. This meant that for the first time in history we were importing more goods than what was being exported. Shortly following this shift in economic power, OPEC implemented an Oil Embargo in 1973, directly affecting America. The price of oil quadrupled which caused prices of most other consumer goods to drive up. With these two together, all Americans felt the repercussions in several ways. The annual rate of inflation rose to 10% during the 1970’s, unemployment soared to nearly 9%, and real wages peaked. Ever since the early 1970’s, real wages have been on a decline, plunging the middle class further into debt. Even with wages flattening out, consumption has not. To make up for this, many Americans have cut back on their savings in order to maintain the suburban lifestyle they became so acquainted with. People became less concerned with saving for their family’s future, but on being able to keep the property and lifestyle they naively invested in. College funds became a needle in a hay stack for most children, forced come up with

Innovations grounded in industrialization paved the way for shifting lifestyle for Europeans and Americans. Between 1700 and 1830, much of America and Europe experienced a rise in innovation, propelling product design. Previously, manufacturers utilized basic tools and machinery. As a result, mass production, improved transportation and communication surfaced. There was an increased volume and variety of products. Because of the varietal increase among products, designed objects helped distinguish social hierarchy both nationally and individually. Nationally, in the sense that the object was owned by most people perhaps among the middle class. Individually, in the sense that most members of the upper class wanted objects specifically

After the Financial Crisis of 2008 the economic status of the country began taking a toll on the middle class. As the years have progressed, the increase in inequality without any aid to these hard working middle class families has grown to be a problem for Americans. Currently, the attitude of the American middle class is that they are being ignored by the United States government. This comes from many factors that have diminished the value and definition of a middle class American, in addition to forcing these Americans to struggle to make ends meet. The sense of pride of being a working middle class American has lost its appeal and has changed the predisposition of what it means to live above the means. Middle class families are struggling to provide necessities for their children. They are constantly worrying about how they will stretch their incomes and provide a comfortable lifestyle for their families. In order to provide immediate relief to the middle class action must be taken directly by the United States government. This concern for direct impact is shown with the initiatives by Democratic party leaders to aid the middle class. The Democrats have been strong proponents of pushing the middle class back up to its previous standard. They have actively defended the middle class, showing their support for immediate reform that would benefit specifically middle class workers. The middle class has continued to shrink and without action taken immediately this problem

In today’s society the social classes are separated by four different social classes. The first being, the upper class which is only about 1 to 3 percent of the United States’ population, but all together they hold more that 25 percent of the nation’s worth. This class itself divides into two separate groups, the lower-upper and the upper-upper class. The lower-upper class is those who have ‘new money’, people who have acquired their wealth through business venture and investments and so forth. The upper-upper class is those who have ‘old money’, this includes the families that have been rich more many generations. These are