MARK217 Lecture Notes - Lecture 7: Social Class, Roy Morgan Research, Disposable And Discretionary Income
Document Summary
It is popularly believed that australia is classless, although this has never been the case. Social status is determined by wealth: there is a growing gap between rich and poor. Social classes often measured in terms of social status. Social class is defined by the amount of status the members of that class have in comparison to members of other social classes. Status refers to the relative rankings of members of each social class in terms of specific factors, such as wealth, power and prestige. Social class is often defined by one or more of the following demographic variables: Social class categories are ranked from low status to high status. Social class membership serves as a reference group for the individuals attitudes and behaviours: those who want to advance their social class may emulate the behaviour of that social class. Social class categories: various classification schemes exist, ranging from two up to nine social class groups.
