What term did Max Weber use to describe a group of people with a similar level of wealth and income?

Max Weber used the term "class" to refer specifically to a group of individuals who share a similar level of wealth and income. In Weber's analysis, class is one of the key components of his broader concept of social stratification, which also includes status and power. He emphasized that economic factors, particularly wealth and income, play a significant role in shaping one's social class. This economic foundation can influence individuals' opportunities, lifestyles, and social relationships.

Weber distinguishes class from other forms of social grouping by highlighting the economic basis of class distinctions. This focus on material wealth and income levels differentiates the concept of class from related ideas, such as status groups, which are defined by prestige and social recognition rather than purely economic dimensions. Understanding this perspective helps clarify the importance of economic conditions in social dynamics and how they contribute to social inequalities.