Chapter 10 - Chapter10:Stratificationand SocialClass...

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Chapter 10: Stratification and  Social Class 
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Social Stratification Karl Marx Max Weber  Social Stratification Hierarchical ranking within a society of various social  class groups Wealth Power Prestige  In every Nation people are ranked in a social hierarchy 
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Socioeconomic Status Refers to a composite ranking based on various  dimensions of social inequality. Residency biggest indicator (why?) Social Class Distinctions;  Upper Class  Middle Class Working Class  Lower Class 
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Continued  “The disparity between rich and power is a matter of  the proportionate share of total income that each  socioeconomic group possesses” Wealth New Wealth Suburbs better off  2007 poverty for a family of four: $21,386 Average American is only two paychecks away from being  homeless!!!! 
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Level of Classes  Upper Class
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Chapter 10 - Chapter10:Stratificationand SocialClass...

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