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.
Buying goods and services to display social status publicly.
A measure of social standing based on a composite picture that captures different dimensions of social inequality like differences in power, status, and class.
A change of social position or rank, moving up or down, within one generation or lifetime.
A change of social position or rank, moving up or down, from one generation to the next.
Occupations dealing more with information processing rather than physical labor.
Occupations involving manual labor.
The monetary value of your assets and income, minus any money you owe as debts.
Money earned from goods, services, or investments.