Reflect on Your Own Social Class

question 66

Essay

Reflect on your own social class.Discuss how your family's social class has been reproduced over time or how your family has experienced either upward or downward mobility.Be sure to focus on structural or systematic reasons rather than individual reasons.

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Definitions:

Retirement

The period of one's life after deciding to permanently leave the workforce behind, often associated with reaching a certain age or financial security.

College Graduate

An individual who has successfully completed a course of study at a college or university and has been awarded a diploma or degree.

Economics

The social science that studies how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their wants and needs, trying to maximize their wealth or utility.

Invisible Hand Principle

A concept introduced by Adam Smith, suggesting that individuals' self-interested actions may lead to positive societal outcomes, effectively guided by an "invisible hand."