Financial Capital And Cultural Capital - 859 Words

1 As with many other forms of capital, financial capital and cultural capital can often be lacking for individuals of lower classes. Financial capital refers to wages, tangible items, and savings, while cultural capital refers to learned behaviors and outlooks often established by parents. There are â€Å"greater disparities between the wealthy and poor [in America] than residents in other developed nations (349).† The wealth of the upper class represents one third of the nation’s total wealth, and this wealth allows members of the upper class distinct advantages over those with low financial capital (349). Additionally, those with higher financial capital also tend to transfer greater cultural capital to their children. Specifically, wealthy individuals have access to quality education, healthcare, social networks and various other advantages denied to those with low financial capital. Among those advantages is cultural capital. According to the text, in opposition to their more affluent counterparts, â€Å"working-class mothers and fathers are more inclined simply to provide directives, [and are] less likely to consider conversation with children as a learning opportunity (349).† A more nurturing parenting style gives children a chance to understand the importance of confidence and expressing themselves, both valuable forms of cultural capital. Cultural capital often not provided by less affluent individuals due to â€Å"the financial and psychological stress of poverty (349).†Show MoreRelatedEssay On Sugar Relationship1493 Words   |  6 Pagesthere are many reasons as to why young men and women enter into sugar relationships with older men and women, but no reason became mor e prominent than that of financial and material reward. Sugar baby relationships provide an interesting snapshot and view of society as it is today. It highlights the need or desire to date to gain financial or material gains. 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