But in 1977 the bottom 35 percent had about twice as much after tax income as the top one percent. These statistics further show the disproportional income growth among the social classes. The gr... ... middle of paper ... ... lawyers make more than a store manager for example , but many jobs such as being a president are not rewarded well, because a basketball player or a celebrity can make millions more than a president. This is unfair because carrying out the job of a president is a lot harder than acting or playing a certain sport. If the Davis-Moore thesis actually been accepted by a society than the president would probably make the most money.
Happy of the rich Recently, the most of countries have social problems. There is big gap between rich and poor. People want to earn a lot of money because it helps them have comfortable life and will become richer. As a matter of fact, the people who earns higher salary will feel more satisfied with their lives (Adams, 2013). They will have more positive feelings feel smarter and when people become richer (Carlson, 2013).
As the salary, education level, and occupation increase, so does the individuals social class. The highest class, the upper class, make more than $200,000 a year are in high corporate jobs, and have a graduate degree. Each of these classes, also comes with a different lifestyle because of how much money they
America is divided into social groups based on the income and financial assets of its citizens. One of the groups which forms part of the social system are the “mass affluent.” The mass affluent are portrayed as people who make more than the mass market, but less than one million. Mass affluent households generally hold from 250,000 to 1 million in income and financial liquid assets. More than 13 million households in the U.S. are mass affluent accounting for 11 percent of all U.S households (Nielsen.com).The mass affluent are the largest group part of the wealth management segment. The mass affluent social group falls between the middle class and the wealthiest of consumers.
The middle 50 percent had starting salaries ranging from $23,000 to $28,200. Salaries of junior public accountants who were not owners or partners of their firms averaged $28,100, but some had salaries of more than $39,500. Many owners and partners of firms earned considerably more. The starting salary of management accountants in private industry averaged $23,100 in 1990, according to the same survey. The middle 50 percent had starting annual salaries ranging from $20,800 to $25,300.
They have an insane amount of money, prestige, and have to ability and flexibility in their jobs to have what they want when they want it. They are in control of their own destinies. Lower-upper class believes that money and power are very important in life. The lower-upper class members, also called 'new money,' work harder for what they have as compared to the upper-upper class because most have earned their position in the class, as opposed to being 'old money' (Norton... ... middle of paper ... ...heir own; I wish we all could be as financially secure as the upper class, but I also wish that everyone was as modest and grateful when receiving as the lower class. Possibly in the future, but I do not think this will happen anytime soon.
On an average of fraudulent cases males received $185,000 and females received $48,000. A study done by the insurance industry indicates the groups most likely to commit fraud. The most typical person who may commit fraud is a college/university educated white male. Men were responsible for almost four times the fraud as were females. Losses caused by people with post-graduate degrees were five times greater than those caused by high school graduates.
“Benefits of a College Degree” adds that in a lifetime, people with a bachelor 's degree earn $2.7 million. People with just a high school diploma earn about $1.3 million in their lifetime (1). Abel and Deitz claim that over the past four decades, people with a bachelor’s degree earned 56% more than high school graduates while people with an associate’s degree earned 21% more than high school graduates (1). This comes to show how getting a college education has benefited people for four decades. Mark Peters and Douglas Belkin propose that the cost of college for someone with a bachelor’s degree is on average 110,000 to 130,000 (1).
ProCon says, "between 2003 and 2012 the number of 25-year-olds with student debt increased from 25% to 43%, and their average loan balance was $20,326 in 2012-a 91% increase since 2003" ("Is a College. . ." 2). Ten percent of graduate students have over $40,000 in debt and roughly 1% have over $100,000 in debt ("Is a College.
According to the Business Journal, the average CEO’s of an S&P 500 firm earned $2.7 million yearly in 1992. By 2000, the average pay for these CEOs increased to more than 400 percent totaling to approximately $14 million per year. When compared to average workers, the pay increase is even more dramatic. Is this increase justifiable? In 1992, CEOs were paid 82 times the average of blue-collar workers.