Chapter 8 Social Classes in the United States
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As a large group of people who rank closely to one another in property, power, and prestige
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Social Class
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Come in many forms, such as buildings, land,animals, machinery, cars, stocks, bonds, business, furniture, jewelry, and bank accounts
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Property
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When you add up the value of someone's property and substrate that person's debt
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Wealth
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Where wealth is a person's net worth is a flow of money
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Income
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The ability to get your way despite resistance was concerned in the hands for a few, for his analysis contradicted the dominant ideology of equality
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Power
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C. Wright Mill's term for the top people in U.S. corporations, military, and politics who make the nation's major decisions
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Power elite
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Respect to regard
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Prestige
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Ranking high or low on all three dimensions of social class
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Status Consistent
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Ranking high on some dimensions of social class and low on other
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Status Inconsistency
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A political entry that claims monopoly on the use of violence in some particular territory commonly known as a country
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Status
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Erik Wright's terms for a position in the class structure that generates contradictory interest
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Contradictory Class location
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A group of people for whom poverty persists year after and across generations
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Underclass
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When grown-up children like Janice end up on a different rung of the social class ladder from the one occupied by their parents
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Intergenerational mobility
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Movement of up the social class ladder
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Upward social mobility
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Movement down the social class ladder
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Downward social mobility
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Although individual factors such as these do underlie social mobility
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Structural mobility
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About the same numbers of people moving up and down the social class ladder, such that , on balance, the social class system shows little change
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Exchange mobility
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The official measure of poverty, calculated to include incomes that are less than three times a low-cost food budget
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Poverty line
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Refers to most U.S. poor families being headed by women
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Feminization of Poverty
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The assumption that the values and behaviors of the poor make them fundamentally different from other people, that these factors are largely responsible for their poverty, and that parents perpetuate poverty across generations by passing these characteristics to their children
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Culture of poverty
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The belief that due to limitless possibilities anyone can get ahead if he or she tries hard enough
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Horatio Alger myth
