SOC 001 Lecture Notes - Lecture 13: Ascribed Status, Home Equity, Social Mobility
Document Summary
Inequality: refers to disparities, differences between what groups hold. Stratification: refers to the ranking of groups of people based on inequality. Where individuals remain at the same social level from birth throughout their lifetime. The ability of someone to change their socioeconomic position. Ranking apply to social categories of people. Ascribed status but must look at history. Slow change of hierarchical positions over time, many argue that it is unchanging. Class refers to the economic position in society. Life changes refers to the opportunity and obstacles encountered in areas critical to social mobility. Social mobility refers to the status movement of individuals or groups over time. Amount of money a person or household earns in a given period of time. Value of everything a person owns minus the value of everything owed. Home equity, vehicles, stocks, bonds, cash, and other investment assets. Build over a lifetime and transferred intergenerationally.
