Ranking of people and the rewards they receive based on objective criteria, often including wealth, power and / or prestige.
Money received for work or through investments.
All your material possessions, including income.
Ability to carry out your will and impose it on others.
Means given or assigned.
Small group of people who hold immense power.
Level of esteem (respect & admiration) associated with one’s status and social standing.
Upper or Elite Class
Social class that is very small in number and holds significant wealth.
Upper Middle Class
Social class that consists of high-income members of society who are well educated but don’t belong to the elite super-wealthy class.
Lower Middle Class
Social class that consists of those who have moderate incomes.
Social class generally made up of people with high school certificates and lower levels of education.
Social class living in disadvantaged neighbourhoods that are characterised by four components: poverty, family disruption, male unemployment, and lack of individuals in high-status occupations.
Temporary state of poverty that occurs when someone loses a job for a short time.
State of poverty that occurs when a person lacks stable employment.
Chronic and multigenerational poverty.
Poverty so severe that one lacks resources to survive.
State of poverty that occurs when we compare ourselves to those around us.
Ability to change social classes
Refers to moving within the same status category
Refers to moving from one social status to another.
Occurs when an individual changes social standing, especially in the workforce. (Within the same generation).
Refers to the change that family members make from one social class to the next through generations.
Occurs when social changes affect large numbers of people.
Concept suggesting that each social class contains a relatively fixed number of people.
States that those who get ahead do so based on their merit.