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chapter7 - Chapter 7 Social Class and Social Stratification...

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Chapter 7 Social Class and Social Stratification
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Inequality in the United States 1% of the U.S. population controls 33% of the total wealth in the nation; the bottom 20% owe more than they own. The average CEO of a major company has a salary of $13.1 million dollars per year. Workers earning the minimum wage make $10,712 per year if they work 40 hours a week for 52 weeks and hold only one job,
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Inequality in the United States Nearly 1 in 6 children in the U.S. live  poverty:  34% of African American children  30% of Hispanic children 10% of White children 13% of Asian American children
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Inequality in the United States The rate of poverty among people in the United States has been steadily increasing since 2000. Among women heading their own households, 31% live below the poverty line. 1% of the U.S. population controls 33% of the total wealth in the nation; the bottom 20% owe more than they own.
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Social Stratification A relatively fixed, hierarchical arrangement in society by which groups have different access to resources, power, and perceived social worth.
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