HDFS202 Lecture Notes - Lecture 31: General Social Survey, Household Debt, Social Stratification

• School: University of Delaware
• Department: Human Development and Family Studies
• Course: HDFS202
• Professor: Bahira Sherif Trask

Document Summary

Effects of belonging to a certain social class: Determines and results in differences in influence, power and opportunities. General social survey found that in an annual survey 1500 adults identified themselves as: People reluctant to identify as upper or lower class- 14. 5% below poverty line. 1% of upper class owns 43% of all wealth. 250 families have incomes of over million a year. The top 80 people have more wealth than 3. 5 billion (2015) 14% of families on the bottom of the economic ladder make less than 4% Median income in u. s. in %51,939 (census 2012) Household debt 1949-2015 in relation to annual income. Average us household has ,762 in credit card debt and ,922 total debt. Different categories do not capture full complexity of social stratification of families. Date from social scientific literature of mid-twentieth century when most families had two adults present and few married women worked outside of home.