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Class
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A group sharing the same economic and social status
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Middle class
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Group whose members earn annual incomes that allow them to have a standard of living that includes owning a home and car. Members are usually white-collar workers, professionals, and managers
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Social stratification
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Ranking of persons and families based on specific characteristics such as income, education, occupation, wealth, and power
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Ascribed status
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Characteristics such as ethnicity, race, socioeconomic level, and gender with which children are born or assigned at birth. most of these characteristics match those of their families
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Socioeconomic status
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Composite of the economic status of families or persons on the basis of occupation, educational attainment, income, and wealth
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Income
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Amount of money earned in wages or values
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Median income
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The number of persons, families, or households who earn more than this income is the same as the number who earn less than this income
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Net worth
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Amount of money remaining if all owned property was converted to cash and all debts were paid
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Wealth
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Accumulated money and property such as stocks, homes, and cars that can be turned into money
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White-collar
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Jobs or workers characterized by nonmanual labor in offices, retail stores, and sales
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Authoritarian
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The concentration of power in one figure, usually the teacher or principal in schools
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McKinney-Vento Homeless Assistance Act
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The federal legislation that outlined the education rights and protections for homeless children and youth
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Working class
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Group whose members work at manual jobs that do not usually require postsecondary education, except for the more skilled jobs
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Blue collar
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Jobs or workers characterized by manual labor that is usually mechanical and routine
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Upper middle class
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Group whose members are the affluent middle class who are highly educated professionals, managers, and administrators
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