Since the early 1960’s poverty has been estimated to effect 50 percent of the population. Social and economic problems are the main factors for poverty. The social class was made up of the upper class (5 percent of the population), a middle class (20 percent of the population), a lower class (50 percent of the population) and the masses (25 percent of the population). The imbalance of wealth and power continue to effect countries in …show more content…
The old elite were the respected families who had inherited money and land were known as the abolengo. These powerful families were from the clergy, and highest offices of the government and military. They were the main determinants of the upper class in rural areas. However, as time went by the upper class expanded from the dominating families to those select individuals who took it upon themselves to become wealthy. Many of the newly rich members of the upper class were self-made entrepreneurs whom mastered skills in banking, industry and commerce. These select individuals were citizens in the middle class who gained economic and social success through their hard work. Even though many of the entrepreneurs were just as financially stable as the abolengo, the lower class citizens did not consider them to be in the middle