Inequality in its many forms is becoming an ever greater problem in modern society. The revised edition of this popular book explains why it is so important to understand class and stratification, and how the tools used to analyse these divisions can help us to understand and confront problems of inequality. This third edition of Class and Stratification has been extensively revised, expanded and updated, incorporating discussions of contemporary economic and social change. It includes discussions of political and economic neoliberalism and its impacts as well as developments in social theory, such as the emphasis on 'individualization' and the 'cultural turn'. New to this edition is a chapter focusing on 'cultural' approaches to class analysis, which together with established approaches are used to explore new developments in social mobility, educational opportunity, and social polarization. The book will be essential reading for upper-level undergraduate and postgraduate students in the social sciences seeking to understand the changing face of social inequality. By highlighting the damage increasing inequality is causing to the social fabric, the book reveals the important part class continues to play in our lives today.