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LECTURE FIVE SOCIAL CLASS ,[object Object],[object Object]
Social Class The division of members of a society into a hierarchy of distinct status classes, so that members of each class have either higher or lower status than members of other classes.
Status Consumption ,[object Object],[object Object],[object Object]
Discussion Question ,[object Object],[object Object]
Social Class Is Hierarchal ,[object Object]
Table 11.2 Percent Distribution of Five-Category Social-Class Measure SOCIAL CLASSES PERCENTAGE Upper   4.3 Upper-middle  13.8 Middle  32.8 Working  32.3 Lower  16.8 Total percentage 100.0
Social Class Measurement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Objective Measures ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Index of Status Characteristics (ISC) A composite measure of social class that combines occupation, source of income (not amount), house type/dwelling area into a single weighted index of social class standing.
Socioeconomic Status Score (SES) A multivariable social class measure used by the United States Bureau of the Census that combines occupational status, family income, and educational attainment into a single measure of social class standing.
Geodemographic Clusters A composite segmentation strategy that uses both geographic variables (zip codes, neighborhoods) and demographic variables (e.g., income, occupation) to identify target markets.
PRIZM (Potential Rating Index by Zip Market) A composite index of geographic and socioeconomic factors expressed in residential zip code neighborhoods from which geodemographic consumer segments are formed.
The Affluent Consumer ,[object Object],[object Object],[object Object],[object Object]
Three segments of affluent consumersโ€™ average household expenditures  Figure 11-5
What Is the Middle Class? ,[object Object],[object Object],[object Object]
The Middle Class ,[object Object],[object Object],[object Object]
The Working Class? ,[object Object],[object Object]
Discussion Question ,[object Object],[object Object]
The Techno Class ,[object Object],[object Object],[object Object],[object Object]
Consumer Behavior and  Social Class ,[object Object],[object Object],[object Object],[object Object]
Class Situations, Self-Perceptions, and Financial Orientations Figure 11-9

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3

  • 1.
  • 2. Social Class The division of members of a society into a hierarchy of distinct status classes, so that members of each class have either higher or lower status than members of other classes.
  • 3.
  • 4.
  • 5.
  • 6. Table 11.2 Percent Distribution of Five-Category Social-Class Measure SOCIAL CLASSES PERCENTAGE Upper 4.3 Upper-middle 13.8 Middle 32.8 Working 32.3 Lower 16.8 Total percentage 100.0
  • 7.
  • 8.
  • 9. Index of Status Characteristics (ISC) A composite measure of social class that combines occupation, source of income (not amount), house type/dwelling area into a single weighted index of social class standing.
  • 10. Socioeconomic Status Score (SES) A multivariable social class measure used by the United States Bureau of the Census that combines occupational status, family income, and educational attainment into a single measure of social class standing.
  • 11. Geodemographic Clusters A composite segmentation strategy that uses both geographic variables (zip codes, neighborhoods) and demographic variables (e.g., income, occupation) to identify target markets.
  • 12. PRIZM (Potential Rating Index by Zip Market) A composite index of geographic and socioeconomic factors expressed in residential zip code neighborhoods from which geodemographic consumer segments are formed.
  • 13.
  • 14. Three segments of affluent consumersโ€™ average household expenditures Figure 11-5
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21. Class Situations, Self-Perceptions, and Financial Orientations Figure 11-9