1. + Understanding Class

2. + Class Class is a way to describe how much money or power a person has in a society

3. + Class Lens #1 Lens #1: Class = Money How much or how little money a person has This lens is usually how we think about class

4. + The Criteria for Class as Money Income: The amount of money a person makes in a year Wealth: The property a person owns Examples: Houses, Cars, Boats, Planes Stocks, Companies Land

5. + The 3 Classes When Class = Money The Upper Class High income + a lot of wealth The Middle Class Near average income + average wealth Average income in the US = $50,000 The Lower Class Low income + little or no wealth

6. + Class Lens #2 Lens #2: Class = Power Power: The ability to control your environment, including people This lens allows us to understand why inequality exists

7. + The Criteria for Class as Power Control Who are the people who own or control the factories, businesses, banks, etc.? Who are the people that have to work for them?

8. + The 3 Classes When Class = Power The Capitalist Class People who own large corporations and banks The Middle Class Small business owners The Working Class People whose labor creates wealth; they work for other people

9. + Lebron James – Working Class Net Worth: $110 million -

10. + Owner of the Miami Heat – Micky Arison (Capitalist Class) Net Worth: $5 Billion