SOC 1100 Lecture Notes - Lecture 10: Socioeconomic Status, Social Inequality, Affordable Housing

• School: University of Guelph
• Department: Sociology
• Course: SOC 1100
• Professor: Deanna Behnke- Cook

Document Summary

Many people think of canada as a middle-class society . However, there is severe social inequality in our society that most of us just ignore. Poor canadian families struggle from day to day simply to make ends meet. Social class in canada has several dimensions. People often talk of inequality as it were determined solely by money. Socio-economic status is a composite measure of social position that considers also power, occupational prestige and schooling. Occupational wages or salaries, earnings from investments, and government transfer payments. In 2004, the average family income was ,000. The total amount of money and other assets, minus outstanding debts. Stocks, bonds, real estate, and other privately owned property. The control of these kinds of assets sets the wealthy apart from the rest. Wealth is an important source of power. Occupation is a major determinant of income, wealth, and power.