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Ch 4_

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Department
Sociology
Course
SOCL 4331
Professor
All Professors
Semester
Fall

Description
Chapter 4 Class PrivilegeWealth and PropertyClasses are aggregationsdifferent people have different perceptions of itMarxownershipWeberability to make moneyLenskipower classesClassin an economic sense is wealth or incomeWealthassetswhat you ownStocksBondsReal estateGenerally most Americans wealth is home equityThose at the top have stocks and bondsNet wealthassets minus liabilitiesWhat you own minus what you oweNegative wealth is increasing rapidlyDistribution of wealthMuch more unequalMost Americans have little net wealth besides housescarsTop 1 own 40 of the wealthRich hold 90 of stock sharesIncomeDifferent from wealthThis is what you take inWages salary transfer payments dividendsMost Americans biggest source of income is employmentBigges
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