Answer to Question #268854 in Sociology for rinoko

Question

Discuss the socio-economic experiences of the family and some of the family and some of the ways that the Covid-19 lockdowns have affected different households.

Answer 1

Socioeconomic status (SES) is an economic and sociological combined total measure of a person's work experience and of an individual's or family's economic access to resources and social position in relation to others. However, socioeconomic status is more commonly used to depict an economic difference in society as a whole. It is important to note that socio-economic experience of a family affects children’s learning behavior and academic performance by affecting parents’ educational expectations towards children and their educational participation. However, families with relatively high socio-economic status will strive to secure quality educational opportunities for their children, such as those provided by key schools and markets in the system, which in turn will affect their academic achievements.

The coronavirus (COVID-19) pandemic has created a complex economic shock that has affected households across the globe very differently. The COVID-19 pandemic has caused a massive economic shock across the world due to business interruptions and shutdowns from social-distancing measures. As a result the pandemic has great impacts on individuals, whereby a micro-economic model is developed to estimate the direct impact of distancing on household income, savings, consumption, and poverty. According to cumulative data taken across the globe, household spending dropped due to covid-19 pandemic.

The pandemic has also increased the poverty levels among many households as many people have lost their jobs during this pandemic something which has made it hard for this people to cater for their needs hence living a poverty life. . The changes arising from the novel coronavirus can also brought a direct effect on the level of distress parents and children experience arising from social isolation due to stay at home orders, including physical and social distance from their friends and schools and changes to their usual daily routines.