Urban-Sociology (Stratification and Social Class)

May 20th, 2015
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Marx – bourgeoisie v. proletariat Weber – class, status, power Socioeconomic Status – ranking results from how many status symbols a person possesses

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Urban Sociology - Test 3Chapter 10: Stratification and Social ClassSocial StratificationMarx bourgeoisie v. proletariatWeber class, status, powerSocioeconomic Status ranking results from how many status symbols a person possesses Social Class DistinctionsUpper ClassOnly contains, at most, 5% of the total populationBaltzell three stages of upper class movement1. Lived in downtown areas2. Shifted to quieter areas away from the downtown3. Moved out to the suburbsMiddle Class40% to 45% of the populationDepict the American DreamWorking ClassAbout 1/3 of the populationLower Class20% of the total populationIncome Distribution NationwideThe top 20% earn 49.4% of all incomeThe gap has been steadily wideningIncomes Within and Outside CitiesThose living outside have higher incomesWealth and Net WealthWealth1. Marketable assets, such as real estate and other property, bank accounts, and stocks, bonds, and other securities2. Financial assets (all of the preceding minus owner-occupied housing)Net Worth all of ones assets minus all liabilitiesPoverty NationwideThreshold in 2007 for a family of four was $21,386In 2007 it was 12.5%Poverty Within and Outside CitiesPartly explain higher concentration of poverty in the cities by the greater number of foreign-born residentsIn New York City, one in five residents is poorUrban Social Class DiversityUrban life: tremendous human varietyUpper-Class Urban Nei

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