Abstract
This paper reviews current information on wealth trends, with particular attention to the role of household wealth in the stratification system. The first section considers the relevance of wealth for stratification processes and examines why an appreciation of household wealth has been slow to materialize in stratification research. Subsequent sections discuss aspects of the distribution of household wealth in the United States, the transmission of inequality across generations, and implications of a consideration of wealth for stratification theory and social policy. The concluding section conveys some observations about the need for developing models of consumption potential and living standards, akin to the socioeconomic attainment formulation, which incorporate measures of household wealth and the transmission of wealth.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
