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The American Class System

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The American Class System

Class system is a universal phenomenon. It is prevalent in all modern and complex social systems. A social class is essentially a status group. Class is also related to status dimension. Status groups are composed of persons having the same life style and in joining similar social honor. Thus, status consciousness separates the individuals both physically and psychologically. Society has developed the concept of social class to group people into a set hierarchical social categories based on economic, political, and socio-economic status. America is a place where all people are supposed to be equal, but social class has created divisions in our society. Unfortunately social class has become the backbone of American society and everyone is considered to belong to either the upper, middle, or lower class.

First, we'll start at the top of the hierarchy. Individuals who are considered to be members of the upper class are the owners of the means of production and most of the country's private wealth. Many are important government officials, large business owners, or top executives that have a great deal of income and/or wealth. It is important to know the difference between income and wealth, as they are two distinct concepts. They are also a big part of determining social status. Income is salary and/or other money that is regularly received, where wealth is the total value of all assets, minus outstanding debts. In other words, income is what you make, and wealth is what you have. Someone can bring in a high income without being wealthy, and can also be wealthy without bringing in any income. For example, some people earn a large salary but spend it all on a large house, fancy cars, travel, etc. These individuals basically live from paycheck to paycheck, and if they were to stop working, they would quickly become destitute. On the

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