Examples Of Social Class And Consumption

1995 Words4 Pages

Social Class and Consumption Introduction Consumer behavior and the consumption of goods and services is extremely important to marketers. It is influenced by several factors, both individual and environmental, one of which is social class. The purpose of this literature review is to look at social class assumptions and how social class affects people’s consumption. Social class refers to the different groups of people who are similar in their behavior based upon their economic position in the market place (Engel James F., 1990). The members of the social class share similar values, thinking, speaking and behavior. According to (Gherasim, 2013) he concurs that there are models to structure individuals in different social classes. Three different …show more content…

Social stratification tends to be accepted as a fact of life (F, 1977). Society groups members into social classes. The members of the social class share common values and ways of thinking, speaking and behaving (Abraham, 2011). Inevitably, people mix mostly with their own level, with people who share the same values and behaviours. A way to describe this is “homogamy”, whereby people are drawn to others in the same social class. Social stratification is the idea that in society, there are layers, which in turn affect consumption. Marketers must respond differently to distinctive …show more content…

“Habitus” is used to describe a set of rules or behaviours that classify different groups, influencing the “practices, perceptions and attitudes” that members of a social class construe as normal or appropriate (Bourdieu P. , 1991). It is seen as the most important element of cultural capital. Habitus is often seen in the individuals “food preference, tastes, the way in which one carries oneself, the magazines one reads, child rearing styles, and expectations about entitlements.” (Bourdieu P. , The Market of Symbolic Goods, 1985). It is learned through daily life, through family, friends, experiences and socialization in an organizations culture. Social class members absorb “class rules as unspoken, socially valid practices that are largely invisible to them” (Ridgewell, 2012). Habitus is also a way of showing how different social classes have different consumption levels, as the individual’s level of education, their occupation and ultimately their income are factors for the person’s ability to purchase, therefore affecting their economic capital and their social class status. “Money underpins the fabric of everyday life in modern society, and how finances are managed affects opportunities and flexibility for future consumption and spending” (Henry,

More about Examples Of Social Class And Consumption

Open Document