USA HISTORY

Detailed explanation-1: -Upper-class status commonly derived from the social position of one’s family and not from one’s own achievements or wealth. Much of the population that composed the upper class consisted of aristocrats, ruling families, titled people, and religious hierarchs.

Detailed explanation-2: -Sociologists generally posit three classes: upper, working (or lower), and middle. The upper class in modern capitalist societies is often distinguished by the possession of largely inherited wealth.

Detailed explanation-3: -Gallup has, for a number of years, asked Americans to place themselves–without any guidance–into five social classes: upper, upper-middle, middle, working and lower. These five class labels are representative of the general approach used in popular language and by researchers.

Detailed explanation-4: -The upper class is considered the top, and only the powerful elite get to see the view from there. In the United States, people with extreme wealth make up 1 percent of the population, and they own one-third of the country’s wealth (Beeghley 2008).