Social Class
Standard of living in the United States varies considerably with socio-economic status. The table below gives a summarization of prominent academic theories on the socio-economic stratification of the United States:
| Dennis Gilbert, 2002 | William Thompson & Joseph Hickey, 2005 | Leonard Beeghley, 2004 | |||
|---|---|---|---|---|---|
| Class | Typical characteristics | Class | Typical characteristics | Class | Typical characteristics |
| Capitalist class (1%) | Top-level executives, high-rung politicians, heirs. Ivy League education common. | Upper class (1%) | Top-level executives, celebrities, heirs; income of $500,000+ common. Ivy league education common. | The super-rich (0.9%) | Multi-millionaires whose incomes commonly exceed $350,000; includes celebrities and powerful executives/politicians. Ivy League education common. |
| Upper middle class (15%) | Highly-educated (often with graduate degrees), most commonly salaried, professionals and middle management with large work autonomy. | Upper middle class (15%) | Highly-educated (often with graduate degrees) professionals & managers with household incomes varying from the high 5-figure range to commonly above $100,000. | The Rich (5%) | Households with net worth of $1 million or more; largely in the form of home equity. Generally have college degrees. |
| Middle class (plurality/ majority?; ca. 46%) |
College-educated workers with considerably higher-than-average incomes and compensation; a man making $57,000 and a woman making $40,000 may be typical. | ||||
| Lower middle class (30%) | Semi-professionals and craftsmen with a roughly average standard of living. Most have some college education and are white-collar. | Lower middle class (32%) | Semi-professionals and craftsmen with some work autonomy; household incomes commonly range from $35,000 to $75,000. Typically, some college education. | ||
| Working class (30%) | Clerical and most blue-collar workers whose work is highly routinized. Standard of living varies depending on number of income earners, but is commonly just adequate. High school education. | ||||
| Working class (32%) | Clerical, pink- and blue-collar workers with often low job security; common household incomes range from $16,000 to $30,000. High school education. | Working class (ca. 40% - 45%) |
Blue-collar workers and those whose jobs are highly routinized with low economic security; a man making $40,000 and a woman making $26,000 may be typical. High school education. | ||
| Working poor (13%) | Service, low-rung clerical and some blue-collar workers. High economic insecurity and risk of poverty. Some high school education. | ||||
| Lower class (ca. 14% - 20%) | Those who occupy poorly-paid positions or rely on government transfers. Some high school education. | ||||
| Underclass (12%) | Those with limited or no participation in the labor force. Reliant on government transfers. Some high school education. | The poor (ca. 12%) | Those living below the poverty line with limited to no participation in the labor force; a household income of $18,000 may be typical. Some high school education. | ||
Read more about this topic: Standard Of Living In The United States
Famous quotes containing the words social and/or class:
“When ... did the word “temperament” come into fashion with us?... whatever it stands for, it long since became a great social asset for women, and a great social excuse for men. Perhaps it came in when we discovered that artists were human beings.”
—Katharine Fullerton Gerould (1879–1944)
“We are the party of all labor.
The whole earth shall be ours to share
And every race and craft our neighbor.
No idle class shall linger there
Like vultures on the wealth we render
From field and factory, mill and mine.
Tomorrow’s sun will rise in splendor
And light us till the end of time.”
—Eugène Pottier (1816–1887)