SOCI 210 Chapter Notes - Chapter 9.2: Median Income, Social Inequality, Social Mobility

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Social class as a grouping of social factors (wealth, income, education) and a shared standard of living. Dispute on the relative importance of different criteria for characterizing the economic position marx emphasizes the property ownership, while weber emphasizes the occupational status. In the last century, canada had a steady rise in the standard of living - level of wealth available to acquire material necessities & comforts to maintain one"s lifestyle, based on the income, class, poverty rates, etc. It is related to the quality of life of the individual, represents the ability to afford a home, own a car, take vacations : a severe deprivation of basic human needs (food, clean water, health centers, education) : minimum amount of income or resources needed to be able to live in the. One does not have to live in absolute poverty to be marginalized and socially excluded.

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