According to the following graph, in March of 2006, those surveyed were split al

Question

According to the following graph, in March of 2006, those surveyed were split almost evenly between rating personal finances as good or rating them as poor. However, in 2008, many banks failed as part of a loan crisis, and responses changed. Based on the data on the graph, how would a conflict theorist explain these changes? How would you rate your own personal financial sítuation? 100 80 60 5 40 20 March 6, 2006 Excellent/Good 48% Fair/Poor: 51% 2006 2016 Excellent/Good -Fair/Poor Source: Pew Research Center http/www.pewresearch.org/data-trend'national-conditions/personal-finances The forces of capitalism act to reward the rich and maintain their growth even amid a crisis. OBeliefs tend to remain steady unless there is a crisis that causes economic stagnation and individual failure. O People who were not able to maintain a good personal finance rating lost it due to their own decisions O In times of economic stress, some are identified as not belonging, causing less solidarity.

Explanation / Answer

The forces of capitalism act to reward the rich and maintain their growth even amid a crisis.

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