Social Stratification

Social Stratification - where you are born Social...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Social Stratification • Per capita income is the average income for every man, woman, and child living in a country • Low-income countries per capita income is $775 or less • High-income countries per capita income is $9,266 or more per year Social Stratification • Consumers in high-income countries account for 86% of the total private consumption • Poorest 20% of the world only account for 1.3% of consumption • Clearly there are large disparities in income and consumption depending on the place
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: where you are born Social Stratification Comparing the richest 10% to the poorest 10% of the population in a country USA richest 10% has 30.5% of all the income USA poorest 10% earn 1.8% Nambia richest 10% earns 129 more than poorest 10% Honduras richest earns 92 times the poorest USA has the greatest gap between the richest and the poorest Valued goods are unequally distributed in all countries...
View Full Document

Ask a homework question - tutors are online