SOCIAL STRATIFICATION

Social stratification
refers to a society’s
categorization of its
people into rankings
of socioeconomic Many factors
tiers based on determine a person’s
factors like wealth, social standing,
income, race, such as income,
education, and education, Stratification is
power. occupation, as well not about individual
as age, race, gender, inequalities, but
and even physical about systematic
abilities. inequalities based
on group
membership,
classes, and the like
 WHAT IS AN INCOME?

• the net value of money

and assets a person has

base-less expenses=net income

 WHAT IS WEALTH?

• a large amount of money

or valuable possessions
that someone has

* wealth creatioinn
investments
savings
 HOW TO BUILD WEALTH
Start by Making a Plan.
Make a financial plan. ...
Make a Budget and Stick to It. ...
Build Your Emergency Fund. ...
Automate Your Financial Life. ...
Manage Your Debt. ...
Max Out Your Retirement Savings. ...
Stay Diversified. ...
Up Your Earnings.
 SYSTEMS OF STRATIFICATION

1. the upper class has 2. the middle class are the

high personal income, small businessmen, teachers,
inherited wealth and merchants, traders with
economic influence; modest income; and

3. the lower class has to earn

low incomes with little or no
savings; some are unemployed.