4 Tutorials that teach Income, Wealth, and Occupations
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Income, Wealth, and Occupations

Income, Wealth, and Occupations

Author: Paul Hannan

This lesson will define income, wealth, blue-collar occupations, white-collar occupations, intragenerational and intergenerational social mobility. A general overview of the impact will be given. Socioeconomic status (SES) will be defined and further explore social inequality.

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Terms to Know
  • Blue-Collar Occupations

    Occupations involving manual labor.

  • Conspicuous Consumption

    Buying goods and services to display social status publicly.

  • Income

    Money earned from goods, services, or investments.

  • Intergenerational Social Mobility

    A change of social position or rank, moving up or down, from one generation to the next.

  • Intragenerational Social Mobility

    A change of social position or rank, moving up or down, within one generation or lifetime.

  • Socioeconomic Status (SES)

    A measure of social standing based on a composite picture that captures different dimensions of social inequality like differences in power, status, and class.

  • Wealt​h

    The monetary value of your assets and income, minus any money you owe as debts.

  • White-Collar Occupations

    Occupations dealing more with information processing rather than physical labor.