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346 Social Class - Systems of Power and Inequality Social...

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Systems of Power and Inequality: Social Class RCG Lecture Notes Prof. Thing
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Social Class Socially Produced Not a Rank Held by an Individual Series of Relations that Shape Institutions and Relationships Structures Group Access to Resources Evolved with Capitalist Development Both of which Intersect with Race and Gender
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Socio-Economic Status: SES Measured by Income, Wealth, Education Income: Amount of Money Brought into Household in One Year Median Income Best Measure of Group Income Wealth: Financial Assets Minus Debt More Important than Income for Determining Class Standing Education: Number of Years, Degree
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Cumulative Advantage of Wealth Wealth More Important than Income for Determining Class Position Pays for college, Down Payments on Homes, Cushions Emergencies Inheritance Allows Transmission of Economic Status Sedimentation of Racial Inequality (Whites Have Wealth)
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Poverty in the United States
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