Lacy Caballero English 111.112 Miss. Hernandez April 1, 2014 Wealth’s Effect on Society Social Standards and Class Inquiry: For my essay, I will write about the effects wealthy people have on society. I will determine how money ranks their classification, and what social standards have become over time. I will go into explanation about how society feels (upper and lower class feelings), what lower class people think should be done money wise, and what upper class people believe is right. I will determine how someone becomes rich or what is classified as wealthy and what advantages they have over the poor, or if it is just a myth that richer people live life better. I will determine if the money someone has makes their child smarter when it comes to learning or if home background doesn’t have a play in education; because in today’s society, the world revolves around money, social status, and classification; it isn’t based on what someone wants for themselves, earns, or what one feels is right for their needs, instead it is a competition to rise to the top, but why? How does wealth have such a big impact on our society and why is money what determines social status and class? Review of Literature: Wealth is a diverse topic amongst many people, it’s talked about widely and there is a lot of books, journals, and statistics - that I will use in my paper - but were written based on what other people have found to be true. These sources I have chosen to use talk about the factors, struggles, and lifestyle lived based on being wealthy or not. In Michael R. Hagerty’s and Ruut Veenhoven’s article “Wealth and Happiness Revisited – Growing National Income Does Go with Greater Happiness” they talk about the effect wealth has on your emotions... ... middle of paper ... ...ss Revisited â Growing National Income Does Go with Greater Happiness - Springer. N.p., 01 Oct. 2003. Web. 01 Apr. 2014. . Mitch. "Money Is Only Part of the Equation." The New Retirementality: Planning Your Life and Living Your Dreams-- at Any Age You Want. Chicago, IL: Dearborn Trade, 2001. 25-26. Print. Parker, Kim. "Yes, the Rich Are Different." Pew Research Centers Social Demographic Trends Project RSS. N.p., 27 Aug. 2012. Web. 01 Apr. 2014. . Willingham, Daniel T. "Why Does Family Wealth Affect Learning?" Ask the Cognitive Scientist: (2012): 1-7. Web. . Wright, Betsy, and Anne Phillips. "Class Action." Class Action. N.p., n.d. Web. 12 Mar. 2014. .
In the article, Gregory Mantsio reveals a chart based on the test results of 1,465,744 SAT takers in the year of 2006. The chart given, displays the amount of the family income and how it affects the scores of those who had taken the SAT. The facts given, indicates that the more money the family has, income that the family receives, the higher the scores are. For example, if you had a job or career that allowed you to be able to bring in more than $100,000, then your child is more likely to receive a median score of approximately 1,100. But the question is, how can this be so? One reason is quite simple: The children born into a higher class has much more access to educational resources, are exposed to vocabulary and spoken language in their early childhood, and experience less stress than those who are in a lower class. Which in the long run, gives the children in the higher class a better chance when it comes to succeeding in life. Compared to those in a lower class whose scores are below the approximated amount of 1,100 due to their family
Excite News - Wealth Gap: A Guide to What It Is, Why It Matters. " Exciting News - Wealth Gap: A Guide to What It Is, Why It Matters.
In the documentary of Jamie Johnson, “Born Rich,” Jamie has interview some rich teenagers who inherited their wealth like him. Johnson ask himself what he ever did to have the life he has having millions of dollar. He says that all he did was inherit it. Johnson says that it is not polite to talk about money. Social inequality for Johnson in this is about the wealth of people.Johnson and the other teenagers were born rich. They had inherited their money from their ancestors. All of them and their families have private properties and millions of money. Rousseau says that “social inequality is a result of privileges and uneven access to resources and will eventually lead to social ills.”(238)
Between 2009 and 2012, income gains by the top one percent increased by over 30 pe...
Reich, Robert. "Why the Rich Are Getting Richer and the Poor Poorer." Mountain View College Reader. Neuleib, Janice. Cain S., Kathleen. Ruffus, Stephen. Boston: 501 Boylston Street, Suite 900. 2013 Print.
Reich, Robert B. “Why the Rich Are Getting Richer and the Poor, Poorer.” A World of Ideas:
Even from the start of out lives, we are all defined by what types of lives our parents live. The opportunities we are given in life may be determined by the type of life we grow up in. If we are born into a wealthy family, our chances are automatically better than those of someone who grew up in a poverty stricken environment. As Thomas Phipps states, “I am a member of the privileged American class known as the WASPs, the silver spoon people, the people who were handed things from an early a...
In the documentary, Born Rich we watched we saw that the people who have been privileged from the beginning of their life don’t work, because their family don’t think that they need to. Instead, they encourage their offsprings to get a hobby like collecting stamps, coins, etc… However, unlike some people born into a rich family, majority of the people in the world has to work hard to earn their earnings and rewards. Aside from income, another fundamental difference would be one group’s most fundamental and closely held assumptions about the very best way to live their lives may differ from those who live radically different. Again in many of the class discussions that we have had we saw that this fundamental issue comes up a lot. We also see this fundamental concept in the documentary Robert Reich’s Inequality for
All of us want to make money to gain some status, some comfort and some luxurious. This money has brought; is bringing; and will bring so many differences between some of you and me. These differences will be later named as differences between the rich and the poor. If I ask you ‘Do you know what is happiness? You would thrillingly and pleasingly answer me YES, OF Course Then lets share some examples of the happiest man. One would experience happiness when a leads a luxurious life. One may also experience happiness when he had expanded his business almost across the globe. One may also experience happiness when he had his meal in the most famous and expensive hotel. One may also experience happiness when he attends honorable parties.
Cox, Michael W., and Richard Alm. Myths of Rich & Poor: Why We're Better Off Than We Think.
To improve my research findings due to the weak nature of my variables, I will ask individuals in society specific questions on their perceptions about wealth accumulation and their highest level of education obtained, along with what class they perceive themselves to be in. My dependent variable is wealth accumulation, with my independent variables being ‘highest level of education attained’ and your ‘perceived social class’.
Berger, K. S. (2010). Invitation to The Life Span (Second Edition). Unite State of America: Worth Publishers.
Contrary to belief, genuine happiness is very rarely found at the bottom of a shopping basket or on the leather seats of a brand new car. Often we hear the cliché saying “Money can’t buy happiness” but this is in fact true. Whilst the elation and delight brought from finally owning a wanted item is extraordinary, you must remind yourself that your happiness should not become dependant upon your ownership of this item. Being happy is not something you can purchase from a shop or car dealership, it is the way you take on life. Unfortunately, happiness does not have its own aisle at shops and never will.
Although it has been said that money is the root of all evil, many people actually believe that they would be happier if they were wealthier. Could this be correct? This essay will support the thesis that not only does the pursuit of wealth not lead to happiness; it may actually make us unhappy.
Money can give people a lot opportunities and privilege. Financially privileged people have no trouble getting materialistic things such as big houses, expensive cars, and jewelry. Being privileged can also provide better scholastic education as well as respect. On the other hand, a lack of money, as a person might guess, limits opportunity and lower a person’s status on the privilege pole. In order for an underprivileged person to have all of those things, they have to work hard to get to get the luxuries of nice houses, cars, and jewelry. As far as education goes, the underprivileged might not go to the best schools but they get an education that will prove to be more valuable in life; they learn to earn respect, appreciate what they have and how to survive with just the necessities and what’s really important in life. So when a person looks at each group and tries to decided with one gets the most out of life, they will see that underprivileged individuals get so much more out of life than a person who came up in affluence and privilege.