Socioeconomic Inequality

Words: 160
Pages: 1

A classification of one’s social class or economic wealth is similar to a price tag of a product. Socioeconomic status or social class can be measured by an individual’s lifestyle relating to education, income, and occupation. It examines and compares the privilege, power, and control of one group or individual to another. Generally, a lower socioeconomic status reveals the lack of accessible opportunities offered to groups that are labeled in this category. For example, a family with a lower socioeconomic status includes parents with low educational backgrounds and lower income. The terms, poverty and poor are usually associated with the lower class. The middle class is also known as the bourgeoisie and usually they are part of the working