Key concepts - Social Class Inequalities

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The key concepts from Social Class inequalities
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Stratification Social stratification is a society's categorisation of the people into socioeconomic strata, based upon their occupation and income, wealth and social status or derived power
Social Class A broad group in society having common economic, cultural and/ or political status. Commonly this is seen as the upper, meddle and working class
Objective Social Class Individuals are placed into a social class regardless of how they feel about their class position
Subjective Social Class Considers how an individual sees themselves in relation to their class identity
Underclass The lowest social stratum in a country or community consisting of the poor and unemployed
Great British Class Survey The BBC teamed up with sociologist from universities to analyse the modern British class system. Came up with a new model of seven groupings
Life chances A social science theory of the opportunities each individual has to improve his or her quality of his life. The concept was; introduced by Weber
Inequality Inequality is looked at in terms of differences in income, wealth and consumption (what you can by)
Absolute poverty Reference to the actual needs of the poor, a family is poor if it cannot afford to eat
Relative poverty Judgements by members of a particular society of what is considered a reasonable and acceptable standard of living- never fixed it moves in response to changing social expectations and living standards, luxuries become necessities
Income Income is a flow. It measures the receipt of money per period of time
Wealth Wealth is a stock. It measures the value of a person's wealth at a given point of time
Social mobility Is defined as movement of individuals, families and households within or between layers or tiers in an open system of social stratification
Inter-generational mobility Refers to mobility between generations.
Intragenerational mobility Refers to movement between classes by an individual during their working life
Meritocracy Effort + Ability = Reward
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