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This list of U.S. states by socioeconomic factors, unless otherwise footnoted, is taken from the "Quick Facts" web pages of the United States Census Bureau and the Population Health Institute of the University of Wisconsin. All data listed is for 2020 unless otherwise stated.
The median wealth of married couples exceeds that of single individuals, regardless of gender and across all age categories. [11]It is impossible to understand people's behavior…without the concept of social stratification, because class position has a pervasive influence on almost everything…the clothes we wear…the television shows we watch…the colors we paint our homes in and the ...
Socioeconomic status has long been related to health, those higher in the social hierarchy typically enjoy better health than those below. [23] Socioeconomic status is an important source of health inequity, as there is a very robust positive correlation between socioeconomic status and health. This correlation suggests that it is not only the ...
In another example, The Economist propounds that a swelling corporate financial and banking sector has caused Gini Coefficients to rise in the U.S. since 1980: "Financial services' share of GDP in America doubled to 8% between 1980 and 2000; over the same period their profits rose from about 10% to 35% of total corporate profits, before ...
By 1970, it was estimated that the average workingman in America had 140 days off work each year. [41] US work hours fell by 10.7% between 1950 and 1979, though the decline was still around half that of Western Europe. In 1980, the American standard of living was the highest among the industrial countries, according to the OECD. Out of the 85 ...
The report concludes that the American economy's radical inequality is hindering economic growth, as the benefits are mainly enjoyed by those at the top, while the majority, responsible for the bulk of consumer spending which constitutes 67% of GDP, are left behind. [117]
Many wealthy families lacked prestige and power, for example, because they were Jewish. Weber introduced three independent factors that form his theory of stratification hierarchy, which are; class, status, and power: Class: A person's economic position in a society, based on birth and individual achievement. [18]
Examining the divergences in health between the impoverished and their non-impoverished counterparts provides insight into the living conditions of those who live in poverty. A 2023 study published in The Journal of the American Medical Association found that cumulative poverty of 10+ years is the fourth leading risk factor for mortality in the ...