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Chapter
13Chapter
13eandSocial
ClassCONSUMER
BEHAVIORFourth
EditionMichael
R.
SolomonePatternsePatternsThe
average
American’s
standard
of
livingcontinues
to
improve
and
can
be
linked
to:Women’s
roles
in
the
workplace
-
women
areobtaining
more
high-paying
occupations,
andIncreases
in
the
attainment
of
education
-college
graduates
earn
50%
more
than
highschool
grads.Consumer
demand
for
goods
and
servicesdepends
on
ability
and
willingness
to
buy
.Discretionary e
is
the
money
available
to
ahousehold
over
and
above
that
required
for
acomfortable
standard
of
living.Consumers
tend
to
equate
money
with
securityConsumer
ConfideConsumer
ConfidenceConsumers’
beliefs
about
what
the
futureholds
is
an
indicator
of
ConsumerConfidence.Reflects
the
extent
to
which
people
are optimistic
or
pessimistic
about
the
future health
of
the
economy.When
people
are
pessimistic
about
their prospects,
they
tend
to
cut
back
their spending
and
take
on
less
debt.When
they
are
optimistic
about
the
future, they
tend
to
reduce
the
amount
they
save, take
on
more
debt,
and
buy
discretionary items.Social
ClaSocial
ClassSocial
Class
is
Determined
by
a
Complex
SetofVariables,
Including: e,
Family
Background,
andOccupation.Social
Class
Influences:HowMuch
Money
Will
Be
SpentHow
Money
Will
BeSpentAccess
to
Resources
Such
as
Education,
Housing,and
Consumer
GoodsTaste
and
LifestylesSocial
StratificatiSocial
StratificationStatusHierarchySome
Members
AreSomehow
Better
OffThan
OthersAchievedStatusEarned
ThroughHard
WorkAscribedStatusObtained
ThroughLuck
or
InheritanceSocial
Stratification
Refers
to
the
Creation
ofArtificialDivisions
In
a
Society
by:Class
Structure
in
the
UClass
Structure
in
the
U.S.Upper-Upper0.3%Lower-Upper1.2%Upper-Middle12.5%Middle
Class32%Working
Class38%Lower
But
NotLowest9%Real
Lower-Lower7%Access
to
Resources
Such
As
Money,Education,
and
Luxury
GoodsSocial
MobilitSocial
MobilityHorizontal
MobilitySocial
Mobility
Refers
to
thePassage
of
Individuals
FromOne
Social
Class
to
Another.UpwardMobilityHorizontal
MobilityDownwardMobilityComponents
of
Social
CComponents
of
Social
ClassOccupationalPrestigeeEducationalAttainmentRelationship
Between
eand
Social
ClassRelationship
Between
e
and
Social
ClassThe
relationship
between e
and
social
class:More e
doesn’t
necessarily
result
in
increasedstatus
or
changed
consumption
patterns.
e
predicts
purchase
of
expensive
productswithout
status
(i.e.
major
appliances).Social
class
can
predict
the
purchase
of
low
tomoderate
priced
symbolic
products
(i.e.cosmetics).Both
social
class
and e
are
needed
to
predictpurchases
of
expensive,
symbolic
products(i.e.
cars,
homes).Measurement
of
Social
ClMeasurement
of
Social
ClassProblemsWithMeasures
ofSocial
ClassChanges
inFamilyStructureChanges
inFamilyStructureStatusnconsistencStatusInconsistencyWomenandSocialClassWomenandSocialClassIncreasingAnonymityIncreasingAnonymityHow
Social
Class
AffePurchase
DecisionsHow
Social
Class
AffectsPurchase
DecisionsAppropriate?CodesWorldviewTasteCulturesConsiderationsfor
ConstructingMarketingMessagesTargeting
Different
eLevelsTargeting
Different
e
LevelsTargeting
thePoorTargeting
theRich14%
of
Americans
LiveBelow
the
Poverty
LineMany
Feel
Alienated
bySocietySome
Firms
DevelopProducts
for
ThemEducate
Consumers
onHow
to
Stretch
$The
Nouveau
RichesSome
Firms
LocateCloser
to
this
MarketThe
“Get
Set”Many
Firms
TargetAffluent
Marke
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