What is the difference between income and wealth

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Reference no: EM133968601

Questions:

1. What is the standard of living in regards to social class in the United States today? What are the differences in the standard of living comparing upper, middle and upper class? In your opinion, what is the expectation is the standard of living for upper, middle and lower class for their children.

2. What is the difference between income and wealth? In your opinion, how can a person be worth millions and still file for bankruptcy? Give me 3 examples of what consists of having income? Give me 3 examples of having wealth? What is the difference between assets and liabilities?

3. What is social mobility? Define and explain the differences between the three types of social mobility?

3. Define and explain the Functionalist, Symbolic Interactionist, and the Conflict perspective on social class in the United States. What are the differences in these three perspectives in regards to social class? Which of these 3 sociological theories do you agree or disagree with in regards to their perspective on social class?

4. Analyze the Davis-Moore thesis. Do you agree with Davis and Moore? Does social stratification play an important function in society? What examples can you think of that support the thesis? What examples can you think of that refute the thesis?

Reference no: EM133968601

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