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In modern Western societies, social stratification is defined in terms of three social classes: an upper class, a middle class, and a lower class; in turn, each class can be subdivided into an upper-stratum, a middle-stratum, and a lower stratum. [5]
A social class or social stratum is a grouping of people into a set of hierarchical social categories, [1] the most common being the working class, middle class, and upper class. Membership of a social class can for example be dependent on education, wealth, occupation, income, and belonging to a particular subculture or social network. [2]
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 ...
Learn More: 6 Best Hidden Gems for Middle-Class Families in the Caribbean. Find Out: ... “Education is often seen as a key factor in determining social class,” Allen said. “Members of the ...
The middle class is a broad group of people, so it's separated into three categories: Lower middle class, middle class, and upper middle class. Here's the financial data for each one. Lower middle ...
The term "class," first widely used in the 19th century, is still used to characterize individuals occupying the same tier on the personal finance ladder. Today, social classes are divided into ...
The middle class refers to a class of people in the middle of a social hierarchy, often defined by occupation, income, education, or social status. The term has historically been associated with modernity, [ 1 ] capitalism and political debate. [ 2 ]
The traditional concept of what entails being part of the middle class is living comfortably without struggling month to month, and being able to save up or go on family vacations. That said, who ...