Class in America

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Thursday, March 26, 2009
Class in America- Gregory Mantsios
"Myth 1: The United States is fundamentally a classless society. Class distinctions are largely irrelevant today, and whatever differences do exist in economic standing, they are - for the most part- insignificant... Myth 2: We are, essentially, a middle-class nation...

Myth 3: We are all getting richer. The American public as a whole is steadily moving up the economic ladder, and each generation propels itself to greater economic well-being... Myth 4: Everyone has an equal chance to succeed...

Reality 1: There are enormous differences in the economic standing of American citizens. A sizable proportion of the U.S. population occupies opposite ends of the economic spectrum. In the middle ranger of the economic spectrum: Sixty percent of the American population holds less than 6 percent of the nation's wealth.... ...Between 1979 and 2000, the gap in household income between the top fifth and middle fifth of the population by 31 percent. During the economic boom of the 19990s, four out of five Americans saw their share of net worth decline, while the top fifth saw their share increase from 59 percent to 63 percent.... Reality 2: The middle class in the United States hold a very small share of the nation's wealth and that share is declining steadily. The gap between rich and poor and between rich and the middle class is larger than it has even been. Reality 3: ... Class affects more than life-style and material well-being. It has significant impact on our physical and mental well-being as well. Researchers have found an inverse relationship between social class and health. Lower-class standing is correlated to higher rates of infant mortality, eye and ear disease, arthritis, physical disability, diabetes, nutritional deficiency, respiratory disease, mental illness, and heart disease... Reality 4: From cradle to grave, the class standing has a significant impact on our chances for survival. Reality 5:...
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