Social class is a category of people who share a common economic position in society. The different social classes associated with the United States are:
The upper class- only 1% of the U.S. population occupies an upper-class position. They are the elite or referred to as the upper-upper class. Many of the people who fit under this category were born wealthy. The elite own their own businesses, stocks, and bonds, and majority of the elite do not have to work.
The upper middle class- counts for 15% of the U.S. population. This class pertains to professionals who are paid with a very high income such as lawyers, doctors, accountants, or engineers. Most people who fit this group are college educated and are able to afford a lavishing lifestyle. They own homes, take vacations, and have the …show more content…
This class is formally known as white collar service workers, technicians, educators, salespeople, and nurses. They have less wealth, however are still able to provide for their families without the daily financial struggles. Some are college educated but with a less degree. The middle class own homes that are more affordable and purchase vehicles that are more economical, and efficient. Although, they don’t have as much of a financial burden as the lower class if unemployed they are at risk of losing all their savings, and assets.
The working class- approximately 30% of the U.S. population are working class. People of this class are employed as factory, clerical workers, retail salespeople, custodians, blue collar or low level white collar jobs. They have less education most educated have a high school or vocational degree. The household income is low depending if it’s a two parent income or one parent income. The working class has very little savings, and few assets. The working class, are not wealthy, by working hard they do better financially and economically, in providing for their families versus the working
The upper class- only 1% of the U.S. population occupies an upper-class position. They are the elite or referred to as the upper-upper class. Many of the people who fit under this category were born wealthy. The elite own their own businesses, stocks, and bonds, and majority of the elite do not have to work.
The upper middle class- counts for 15% of the U.S. population. This class pertains to professionals who are paid with a very high income such as lawyers, doctors, accountants, or engineers. Most people who fit this group are college educated and are able to afford a lavishing lifestyle. They own homes, take vacations, and have the …show more content…
This class is formally known as white collar service workers, technicians, educators, salespeople, and nurses. They have less wealth, however are still able to provide for their families without the daily financial struggles. Some are college educated but with a less degree. The middle class own homes that are more affordable and purchase vehicles that are more economical, and efficient. Although, they don’t have as much of a financial burden as the lower class if unemployed they are at risk of losing all their savings, and assets.
The working class- approximately 30% of the U.S. population are working class. People of this class are employed as factory, clerical workers, retail salespeople, custodians, blue collar or low level white collar jobs. They have less education most educated have a high school or vocational degree. The household income is low depending if it’s a two parent income or one parent income. The working class has very little savings, and few assets. The working class, are not wealthy, by working hard they do better financially and economically, in providing for their families versus the working