How does the perception of formal education about wealth vary across different socio-economic groups?
Best insight from top research papers
The perception of formal education about wealth varies significantly across different socio-economic groups. Studies show that formal education positively impacts socio-economic conditions, with literate individuals earning more and enjoying better social acceptance and health compared to illiterate individuals . Additionally, the level of financial literacy, a crucial aspect of formal education, is influenced by the socio-economic context in which individuals develop their financial understanding . Furthermore, research indicates that wealth plays a crucial role in predicting academic outcomes, particularly for African American students, with wealth explaining more variance in their achievements compared to European American students . This highlights the intricate relationship between formal education, wealth, and socio-economic status in shaping individuals' perceptions and outcomes.
Answers from top 5 papers
More filters
| Papers (5) | Insight |
|---|---|
| Perceptions of corruption are higher among the poor and less educated in economically developed countries, but this relationship is weaker or reversed in poorer nations. | |
Open access•Journal Article | Wealth, particularly in terms of assets, plays a significant role in academic achievement, especially for African American students, beyond traditional socioeconomic indicators like income and education. |
| Perception of formal education about wealth varies across socio-economic groups, influencing students' views on sources of wealth in Western and Eastern Bloc countries, as shown in the study. | |
Open access•Dissertation 21 Mar 2018 5 Citations | Perception of wealth is influenced by socio-economic factors, impacting financial decision-making. However, the study does not directly address the variation of formal education about wealth across different socio-economic groups. |
| Literate individuals from rural Bangladesh, benefiting from formal education, tend to earn more, have better health, and enjoy higher social acceptance compared to their illiterate counterparts, showcasing the positive impact of education on wealth perception. |
Related Questions
How socioeconomic status impacts on parents and students expectations for educational outcomes and future profissional career?10 answersSocioeconomic status (SES) significantly influences both parents' and students' expectations regarding educational outcomes and future professional careers, shaping the trajectory of students' academic and professional lives. Research indicates that family SES affects children's academic success through parents' attitudes toward education, highlighting the role of SES in shaping educational expectations and attitudes. Furthermore, parents' and teachers' educational expectations are directly linked to students' academic outcomes, with higher expectations associated with better performance and higher educational attainment. This relationship underscores the importance of expectations in mediating the effects of SES on educational outcomes.
The alignment of parents' and children's expectations regarding education is crucial for students' achievement, suggesting that congruent expectations can mitigate some of the adverse effects of low SES. Moreover, cultural capital, including parental familiarity with school evaluation standards and job market requirements, plays a significant role in student achievement across various domains, indicating that SES-related factors extend beyond financial resources to include knowledge and expectations. However, in some contexts, socioeconomic factors do not directly correlate with success in specific academic milestones, suggesting that other factors, such as individual effort and institutional support, can also play critical roles.
The aspiration levels set by families from low SES backgrounds can sometimes lead to a 'double bind', where high expectations may inadvertently pressure students, affecting their aspirations and attainment negatively. Additionally, SES influences career outcomes through a series of mediating factors, including resource scarcity and career exploration. Persistent inequalities in educational outcomes, despite changes in education management and organization, further illustrate the complex relationship between SES and educational expectations.
During the COVID-19 pandemic, parental involvement in education became even more critical, especially for socio-economically disadvantaged students, highlighting the role of parents in shaping educational outcomes under challenging circumstances. Lastly, the educational expectations of significant others, such as parents and teachers, play a crucial role in shaping early university aspirations and attainment, independent of economic status. This body of research collectively underscores the multifaceted impact of SES on educational expectations and outcomes, pointing to the need for targeted interventions to support students from diverse SES backgrounds.
How does emotional awareness vary across different socioeconomic groups?5 answersEmotional awareness varies across different socioeconomic groups, as evidenced by studies examining children's emotional understanding in varying socioeconomic contexts. Children from private schools demonstrated higher emotional understanding compared to those from public schools, indicating an influence of socioeconomic status on emotional awareness. Additionally, research on sex differences in emotional awareness showed that females consistently displayed more complexity and differentiation in articulating emotional experiences than males, regardless of verbal intelligence levels. These findings suggest that socioeconomic factors and gender play significant roles in shaping emotional awareness levels within different populations.
Is wealth inequality the same as socioeconomic status?4 answersWealth inequality and socioeconomic status are related but not synonymous terms. Socioeconomic status encompasses wealth, education, occupation, and other factors that position individuals in society. Wealth inequality specifically refers to the gap in wealth between individuals and groups within a shared context. Research shows that socioeconomic status influences health outcomes, with lower status linked to lower health screening attendance and post-screening visits. Furthermore, socioeconomic inequalities exist in various health domains, favoring the rich and educated, both in lower and higher-income countries. Therefore, while wealth inequality is a component of socioeconomic status, the latter is a broader concept encompassing various dimensions beyond just wealth.
How does socioeconomic backgrounds affects students?5 answersSocioeconomic background has a significant impact on students. Students from higher socioeconomic backgrounds tend to perform better academically, while students from lower socioeconomic backgrounds face challenges in their academic achievement. Factors such as limited resources, lack of opportunities, and parental involvement can contribute to the lower academic performance of students from lower socioeconomic backgrounds. However, it is important to note that parental support and school resources can help mitigate the negative effects of socioeconomic background on academic achievement. To address the achievement gap and promote equal educational opportunities, policymakers and educators should focus on providing targeted support and interventions for students from low-income backgrounds. Additionally, providing scholarships, technical education, and awareness programs for parents can help improve the educational outcomes of students from lower socioeconomic backgrounds.
Do men and women perceive economic inequality differently?4 answersMen and women perceive economic inequality differently. Research suggests that high economic inequality leads to changes in the perceived agency and communion of both men and women. Under high inequality, men are perceived as even more agentic than communal, whereas this difference becomes smaller for women, although they are still perceived as more communal than agentic. Additionally, men tend to misperceive and underestimate the magnitude of gender income differences more than women. These findings indicate that gender plays a role in how individuals perceive economic inequality.
How does socioeconomic status affect the quality of education that children receive?5 answersSocioeconomic status (SES) has been found to have an impact on the quality of education that children receive. Research has shown that SES can affect various aspects of education, including classroom performance, achievement, and outcomes. Factors such as income, education, and health facilities have been identified as significant contributors to classroom performance. Additionally, children from low-income families may face challenges such as poor nutrition, lack of resources, and inadequate parental preparation, which can further hinder their educational success. It has also been found that teacher effects are higher in low-SES schools, highlighting the importance of teacher support for students from disadvantaged backgrounds. Overall, socioeconomic status plays a crucial role in shaping the educational experiences and outcomes of children.