EliteAristocracyOligarchyand Ruling class A symbolic image of three orders of feudal society in Europe prior to the French Revolutionwhich shows the rural third estate carrying the clergy and the nobility The upper class  is the social class composed of those who are richwell-born, powerful, or a combination of those.
Top-level executives, high-rung politicians, heirs. Ivy League education common. Ivy league education common. Generally have college degrees.
Most have some college education and are white-collar.
Typically, some college education. Standard of living varies depending on number of income earners, but is commonly just adequate. High economic insecurity and risk of poverty. Some high school education. Reliant on government transfers. In An Age of Growing Inequality. The Inner Life of the Middle Class.
American upper class This term is applied to a wide array of elite groups existing in the United States of America. The term commonly includes the so-called "blue bloods" multi-generational wealth combined with leadership of high society such as the Astor or Roosevelt families.
Twentieth century sociologist W. Lloyd Warner divided the upper class into two sections: The former includes established upper-class families while the latter includes those with great wealth.
As there is no defined lower threshold for the upper class it is difficult, if not outright impossible, to determine the exact number or percentage of American households that could be identified as being members of the upper-class es.
Income and wealth statistics may serve as a helpful guideline as they can be measured in a more objective manner. Inapproximately one and a half percent 1. One could therefore fall under the assumption that less than five percent of American society are members of rich households.
The high salaries and the potential for amassing great wealth through stock options have greatly increased the power and visibility of the "corporate elite".
There is disagreement over whether the " nouveau riche " should be included as members of the upper class or whether this term should exclusively be used for established families. Many sociologists and commentators make a distinction between the upper class in the sense of those in the families of inherited wealth and the corporate elite.
By implication, the upper class is held in lower regard as inheritors of idle wealth than the self-made millionaires in prestigious occupations.
While most Americans, including those in the upper-middle class need to actively maintain their status, some upper class persons do not need to work in order to maintain their status.
Status tends to be passed on from generation to generation without each generation having to re-certify its status. Corporate elite[ edit ] The high salaries and, especially, the potential wealth through stock optionshas supported the term corporate elite or corporate class.
Top executivesincluding Chief Executive Officers, are among the financially best compensated occupations in the United States.
In only 1. However, salary levels vary substantially depending on the level of managerial responsibility; length of service; and type, size, and location of the firm. For example, a top manager in a very large corporation can earn significantly more than a counterpart in a small firm.
Many have advanced graduate degrees and household incomes commonly exceed the high five-figure range. Members of this class commonly value higher education — most holding advanced academic degrees — and are often involved with personal and professional networks including professional organizations.
The upper middle class tends to have great influence over the course of society. Physicians, lawyers, accountants, engineers, scientists and professors are largely considered to be upper middle class. Education serves as perhaps the most important value and also the most dominant entry barrier of the upper middle class.
The hallmark of this class is its high educational attainment. American middle class The middle class is perhaps the most vaguely defined of the social classes.verb (used with object) to give an order, direction, or command to: The infantry divisions were ordered to advance. to direct or command to go or come as specified: to order a person out of one's house.
to prescribe: The doctor ordered rest for the patient. to direct to be made, supplied, or furnished: to order a copy of a book. to regulate, conduct, or manage: to order one's life for greater.
The Silver Bear Cafe keeps its subscribers informed on issues that adversely affect the conservation of capital and strategies to preserve and increase ones financial security. Class conflict, frequently referred to as "class warfare" or "class struggle", is the tension or antagonism which exists in society due to competing socioeconomic interests and desires between people of different classes.
American Class System.
In a previous lesson, we discussed social stratification - a system by which society ranks categories of people in a hierarchy. In an open system of social stratification, which is what we have, status is achieved through merit or effort, and social mobility between classes is possible through education and certain opportunities.
Another excellent thought-provoking piece that dropped off the internet for unknown reasons. All credit goes to the original author Michael Church..
Typical depictions of social class in the United States posit a linear, ordered hierarchy. George Soros is a legendary hedge fund tycoon who managed client money in New York from to In , Soros shorted the British pound and reportedly made a profit of $1 billion.