Socio-Economic Class Difference in Poverty, Occupation, and Equality Trust

MADE IN MICROSOFT
WORD
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Table of Contents
INTRODUCTION...........................................................................................................................3
Socio-economic status ..............................................................................................................3
Occupational status......................................................................................................................4
Poverty ........................................................................................................................................4
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
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INTRODUCTION
Socio-economic status
It is considered as the social class of an individual or group .It is measured as a
combination of the income,education and occupation. Social Economics focused the relationship
between the social behaviour as well as economics (Artiga and Hinton, 2019). It determines how
ethics,social norms and social philosophies impacts behaviour of the consumers and also shape
the public buying strands. It able to use the history ,politics ,current events ad other social
science that able to predict the potential outcomes from changes to the society or changes to the
economy. Present report Highlights on the Socio-Economic class difference in terms of
poverty,occupation ,Equality trust and many more.
MAIN BODY
Social Class difference in terms of feeling,identity, perception,behaviours makes it less
likely that working class people can benefits from the occupational and educational
opportunities to improve the circumstances (Dueñas and et.al, 2016) That means that that
redistributive policies are much required to break the cycle of deprivation that able to limit
threaten social cohesion and opportunities. Modern Western societies ,with their focuses on the
meritocratic values that promotes the belief that people may achieve anything if they have
enough amount of talent and also prepared to do hard work. Social classes are becomes wider
instead of Narrower. For example Within United kingdom in 2017 Equality Trust's figures
highlights that 41% of the national income goes in the hand of top one-fifth of households ,while
the bottom have only 7% that came under bottom one fifth households.
These figure based on the 2011 data. The income inequality between the 1938 and 1979
within the United Kingdom did reduce from some extent ,but with the subsequent decades their
process reversed . Also between 1980 and 2010 top 11% of the population enhances its incomes
shares from 20 % to 30% , while the share from the bottom line 10 % decrease from 5% to 1%.
Wealth inequality even well-defined than the income equality (Pisani and et.al 2016) .From the
U.K's office for the National Statistics highlights that within the period of 2012-2014 the 115 of
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