How is "Social Class" measured in the United States? Is it an important distinction?

How is "Social Class" measured in the United States? Is it an important distinction?



Social class is not determined by a single factor such as income, but is measured as a combination of occupation, income, education, wealth and other variables. Marketers are interested in social class because people within a given social class tend to exhibit similar buying behavior. Social classes show distinct product and brand preferences in areas such as clothing, home furnishings, travel and leisure activity, financial services and automobiles.


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Principles of Marketing

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