1. Systems of Stratification What is Social Stratification? Unequal access to scarce resources & social rewards

2. Types…. Caste Systems- Closed systems Status determined by birth & maintained by marriage Exogamy? Endogamy? Class Systems- Open systems Status determined by achievement SES- Socioeconomic Status

3. Social Rewards... Wealth… Assets & Income Highest 20 % own 76 % of Wealth

4. Social Rewards... Power… Power From wealth or vice versa. Can one buy power???

5. Prestige… The respect/honor based upon association Club? Family Name? Occupation?

6. Social Classes in United States. How much is Median Income? Upper Class ( 1 -3 %) Upper-Middle Class (10%) -Lower Middle Class ( 30-40 %) Working Class ( 30-40 %) Lower Class ( 20-25%) 225,000 Median $ < $85,000 < $35,000 <$20,000 >$20,000

7. Class... UPPER CLASS- Tiny & powerful Old vs. new $ 3 richest families = 1 million av. Families. Top 1% owns 30% of wealth –I–Income Pyramid –$–$500 per layer –E–Everest vs. ground

8. CLASS... Upper-Middle Class- Top 19% own 46% of wealth Income not assets determine membership College educated professionals

9. CLASS... Lower-Middle Class.. Similar values to UM White-collar jobs… Middle-management, sales

10. Class... The working class- Ongoing Decline Manual Labor Jobs/Blue Collar Security, Pride, Identify with labor Unions

11. CLASS…. LOWER CLASS… Minorities Single Female headed households Lack power, alienated 15 percent of all Americans live in poverty Many are “working poor” Poverty Line-17,050 ( 2000)

12. Class and Life Chances Education- Of Upper 1/5 80 % go to college Bottom 1/5- 44 % ( includes cc & training) College Debt impacts choices Health- IMR-70% higher in poor, LE- 5-7 years less, 15% no insurance ( more underinsured)