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LEVELS OF WEALTH
Impoverished - net worth less than $25K
Average Joe - net worth less than $500K
Qualified Investor - net worth greater than $500K
High Net Worth Individual - net worth greater than $1m
Ultra High Net Worth Individual - net worth greater than $30 million
Uber-Rich - net worth in the hundreds of millions
Billionaire - net worth over $1 billion and $1.3B to appear in Forbes
ECONOMIC STATUS (annual basis)
LOW CLASS: Family income below $30K
MIDDLE CLASS: Family income between $30K - $75K
UPPER MIDDLE CLASS: Family income between $75K - $150K
HIGH CLASS: Family income well above $200K
JET SET: Family income well above the $1 million mark
SOCIAL STATUS (spare time and what friends bring for get-togethers)
LOW CLASS: Hang out in the 'hood. Friends bring local beers.
MIDDLE CLASS: Visit malls and public parks. Friends bring imported beers and rum.
UPPER MIDDLE CLASS: Travel within the US. Friends bring wine.
HIGH CLASS: Travel to Europe. Friends bring caviar and expensive champagne.
JETSET: Yacht and travel in private jet. Friends bring an expensive watch or jewelry.
MINDSET STATUS
LOW CLASS: Talk about other people and bring their issues to national TV.
MIDDLE CLASS: Talk about how to get rich schemes that never work.
UPPER MIDDLE CLASS: Talk about Ivy Leagues and six-figure income as the dream
HIGH CLASS: Talk about the next Big Idea.
JET SET: Talk about which company has a better idea to purchase the company
CHRISTMAS GIVING STATUS FOR SPOUSE
LOW CLASS: 100 bucks tops
MIDDLE CLASS: 300 bucks tops
UPPER MIDDLE CLASS: 500 bucks tops
HIGH CLASS: 5000 bucks tops
JET SET: above 10K
TRAVEL SPENDING STATUS
LOW CLASS: $3,000
MIDDLE CLASS: $6,000
UPPER MIDDLE CLASS: $10,000
HIGH CLASS: $25,000
JET SET: Above $30K
DRESSING STATUS:
LOW CLASS: $4.99 Old Navy t-shirt. Top suit: $200 Dillards. Shoes: DSW
MIDDLE CLASS: $15 Pima Cotton. Top suit: $500 Macys Shoes: Nun Busch
UPPER MIDDLE: $25 A&F t-shirt. Top suit: $750 Nordstrom. Shoes: Clarks
HIGH CLASS: $75 BOSS t-shirt. Top suit: $1,500 Brooks Brothers. Shoes: Gucci
JET SET: $300 LORO PIANA t-shirt. Top suit: $5,000 Brioni. Shoes: Loeb
VEHICLE STATUS
LOW CLASS: 12-year Toyota Tercel with 300K miles
MIDDLE CLASS: 5-year Nissan Altima with 80K miles
UPPER MIDDLE CLASS: 3-year Chrysler 300M with 40K miles
HIGH CLASS: New BMW 540i with 15K miles
JET SET: Lamborghini Gallardo with 2K miles
WATCH STATUS
LOW CLASS: Casio Databank 1986. WALMART $15 watch.
MIDDLE CLASS: Timex Ironman 1998. SERVICE MERCHANDISE $65.
UPPER MIDDLE: Casio G-Shock. MACY'S STOREFRONT $90
HIGH CLASS: Casio Pathfinder. TOURNEAU $250.
JET SET: Casio Oceanus. Catalog $1,000
CREDIT CARD STATUS
LOW CLASS: no credit-card.
MIDDLE CLASS: Gold Visa with $15,000 credit limit. Banco Popular.
UPPER MIDDLE CLASS: Platinum Visa with $50,000 credit limit. BOFA.
HIGH CLASS: American Express Platinum with $100,000 credit limit. Wachovia.
JET SET: AMERICAN EXPRESS BLACK CARD with no limit. Goldman Sachs.
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Much of the art produced and purchased in ancient rome was intended to?
demonstrate wealth and status stuff
Which of these is a powerful determinant of status in Latin America?
family lineage inherited wealth racial status All of these answers are correct.
What does wealth mean to ancient Rome?
Wealth in ancient Rome meant what it means in every other society; a luxurious lifestyle, opulence, status, prestige and power (economic and if desired, political)
What was the levels of social status in ancient Egypt?
soil, grass, sand, and animals
What was Jacques Cartier's main goal?
Expand the French Empire and the Catholic faith and grow in wealth and status in doing so.
What are the different study levels provided by Hot Math?
Hot Math provides 13 different study levels. The tutoring institution has students from different ethnic backgrounds, disability status, and ELL status.
How does inequality affect democracy in America?
People with different levels of wealth in the United States have different levels of ability to influence the political system and different levels of ability to increase their own economic stature. As a result, without a counterbalance, the wealthier individuals will have an unequal ability to influence policy and to draw wealth out from the poorer population.
How has jewelry benefited your society?
It can show social status It can show wealth and much more It can show social status It can show wealth and much more
What was the main purpose of Roman art?
To indicate wealth and status
What is the cause of Distribution of wealth?
The redistribution of wealth is aimed at enhancing levels of economic equality.
What is a social class?
A division of a society that is based on economic as well as social status is a social class. It is a group of people that have levels of status, wealth, and influence that are similar.
Why are levels important in drama?
Levels give a stage more visual interest, and the various levels can be useful, as they allow different characters the opportunity to communicate different status, for example. The various levels might represent different locations, or may just allow the audience to see particular bits of the action more clearly. I hope this helps!
What was the relationship between social status and wealth in early American history?
In early American history, social status and wealth were closely intertwined. Wealth was a key factor in determining one's social standing, with individuals of higher wealth generally holding higher social status and influence. Social mobility was limited, with class distinctions often aligning with economic disparities.
What is the classification of people based on wealth?
People can be classified based on wealth into different socioeconomic classes, such as upper class, middle class, and lower class. These classifications are typically determined by factors like income, assets, and social status.
What are the different types of social status?
Some common types of social status include achieved status (based on accomplishments or actions), ascribed status (assigned at birth or through family background), and master status (a primary identity that shapes how others see an individual). These statuses can influence an individual's wealth, power, and opportunities within society.
What is the status of wealth and material goods as compared with knowledge in Islam?
it is as dung
Who was not allowed to boost of his wealth and status in Islam?
No one should boast of his wealth and staus. All human beings are equal in Islam.
