1. Social Class

3. What social position are you in?
Family
Gender
Race
Education

4. What difference does birth or achievement make?
Upper upper class
Result of birth
E.g Kennedy
Lower upper class
Result of achievement
E.g Rock star

5. Do you want intra-generational mobility?
Changes in social position during a person’s lifetime
E.g. Oprah Winfrey
Largest gains in average income
Among highest paid 20%

6. How much income or wealth do you have?
Income = Paycheck
or investments
Wealth (Net worth) = Assets - Debts
Basis of social stratification

7. What is conspicuous consumption?
Buying things to make a statement about your social position
Timex vs Rolex
Why you bought it is important

8. Do you remember? What determines your social class?
Oprah is an example of what type of mobility?
What is income v.s. wealth?
What is conspicuous consumption?

9. Does social class affect your attitudes?
High social position
More liberal on social issues
More conservative on economic issues
Low social position
Liberal on economic issues
Conservative on social issues

10. How are people in the lower class different?
Less safe
More stressful
Health is worse
Live fewer years overall

11. What is poverty? Relative poverty Absolute poverty Working poor
Relative to others around you
Found everywhere
Absolute poverty
Egypt
China
India
Working poor

12. What is the feminization of poverty?
Women make up an increasing share of the poor. Why?
Divorce
Single parent with children

13. What happened to the American dream?
The American ream: upward social mobility and home ownership
Earnings have stalled
Multiple job holding is up
More jobs with low income ($15,000)
Young people staying at home
53% of people are living with parents

14. Do you remember? How does social class effect attitudes?
What is the effects of being in the lower class?
What is the difference between relative and absolute poverty?
What has caused the feminization of poverty?

15. Rich become richer, the the middle class people are sliding down.