Explain the difference between income inequality and wealth inequality in the United States

Instructions

Choose one question from each of the question sets below (2 sets total). In other words, you will be answering two questions
total (1 from each set).

Question Set 1

Explain the difference between income inequality and wealth inequality in the United States. Explain the racial
wealth gap.
What is social stratification? Examine four common ways or systems in which groups have become stratified. How does race or ethnicity play a role in the stratification?
Briefly compare and contrast a Weberian approach and a Marxian approach to characterize the social classes in the United States. In a Weberian approach, what are social classes based on or how are they understood? In a Marxian approach, how is class understood? In a Weberian approach, how is the racial wealth gap understood? In a Marxian approach, how is the racial
wealth gap understood?

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