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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 ...
Socioeconomic mobility in the United States refers to the upward or downward movement of Americans from one social class or economic level to another, [2] through job changes, inheritance, marriage, connections, tax changes, innovation, illegal activities, hard work, lobbying, luck, health changes or other factors.
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 ...
Social class is an important theme for historians of the United States for decades. The subject touches on many other elements of American history such as that of changing U.S. education, with greater education attainment leading to expanding household incomes for many social groups.
The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP.
The American upper class is a social group within the United States consisting of people who have the highest social rank, due to economic wealth, lineage, and typically educational attainment. [ 2 ] [ 3 ] The American upper class is estimated to be the richest 1% of the population.
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]