Upper Class
Define upper class
the highest socioeconomic bracket
T/F, The middle class is divided between upper, and lower?
True
Define the Underclass
The poorest class of people in a given society
What is Educational Attainment?
The highest degree of education an individual has completed
What percentage of neighborhoods in Macon, GA were marked as "hazardous" in the 1930's
65%
How much does the net worth of a household have to be in order to consider them upper class
1 million dollars
What percent of upper middle class members have a college degree?
27%
T/F, lower class households are the most economically vulnerable in the United States
True
Define "White Collar"
A person who performs professional, managerial, or administrative work for a salary
What year was the Fair Housing Act put in place?
1968
What percent of U.S households are considered "Rich"
5%
How much is the average upper middle class household income
100,000 Dollars
What are the most common causes of a person becoming unemployed
Low educational attainment, and disabilities
Define "Capital Gain"
An increase in value of a capital asset, such as stock or real estate
What percent of formally redlined neighborhoods in Baltimore remain predominantly minority
70%
What two sub-groups does sociologist Leonard Beeghley divide the upper class into
The Rich, and the Super-Rich
Between what percentages of the United States population consist of members of the working class
30% and 35%
How would one be defined as underclass
Relying on public assistance, such as welfare checks, and food stamps
Define "Public Assistance"
Various forms of aid provided by the government for those in the lower class
What is the least gentrified city in the United States?
Detroit
How do upper class families commonly accumulate wealth?
Investments and Capital Gains
What percent of households have two income earners
42%
What percent of households fall below the poverty threshold at one point in time
12%
Define the "Great Divergence"
The distribution of income in the United States becoming increasingly unequal beginning in the 1970's
Redlining persists in ___ of metro areas
61%