Because he has no money to leave the place he's currently living in and even gets his car repossessed, would imply that he is either in the Working Poor or the Underclass Social Class.

These are both products that stem from Social Stratification is the creation of layers (or strata) of people who possess unequal shares of scarce resources. The most important of these are income, wealth, power and prestige. 

Power is ability the to control the behavior of the others, even against their will. Individuals of groups who possess power are able to use it to enhance their own interest, often- but not necessarily-at the expense of society. 

Prestige is recognition, respect, and admiration attached to social positions.   

The wealthier people are, the more power and prestige they gain from the overall public.

 

Social Class is a group of society members that hold similar amounts of resources and share values, norms, and a identifiable lifestyle. These social classes are also determined by Income and Wealth. Income is the amount of money one person or a group of people make over time, while Wealth is the total economic resources held by one person or a group or people. To be more brief, your income is your paycheck, and your wealth is what you own. To show the social stratification better, I’ll showcase each class in the American class structure, including their typical occupations and typical income as well as how much of the population they make up (As of 2003).

The Upper Class makes up about 1% of the total population. Income: $2 Million. Occ: Heirs, chief executive officers.

The Upper Middle Class makes up 14% of the total population. Income: $120,000. Occ: Upper level managers, professionals.

The Middle Class makes up 30% of the total population. Income: $55,000. Occ: Lower-level managers, semiprofessionals.

The Working Class makes up 30% of the total population. Income: $35,000. Occ: Low-paid Manual worker, retail sales worker.

The Working Poor makes up 13% of the total population. Income: $22,000. Occ: Lowest paid manual workers, service & retail workers.

The Underclass makes up 12% of the total population. Income: $12,000. Occ: Unemployed people, People receiving public assistance.  

The Working poor are a social class that for the most part have people who are employed in low-skilled jobs and get paid minimum wage, not making enough to rise above the poverty line. The Underclass on the other hand is typically unemployed who came from families who have been poor for generations. 

Because of the aforementioned highlighted section, I think this shows, based off the information in the book that this person must suffer with issues relating to both low income and wealth as well as having lower power and prestige. The fact that he says within a matter of fact manner that “I got no money, I guess I got no choice” knowing that he can’t do much with this situation and this is only added onto the over-standing debt on his car to point of it being taken away by the bank shows that he now has less of a means of escaping his current life style.

The next highlighted line, says that when she seemingly had a more positive perspective on life in the city and somehow even got Social Security. Social Security is a monetary system in order to assist those who have inadequate and little income. This line however, seems to be contradicted at the very end of the verse because 'she couldn't make it on her own' and had to get a pimp and go into prostitution in order to sustain a living. This section in general deeply reflects on the feminization of poverty, or a trend in the U.S. where women and children make up a sizable population of those who are poor.

And with the part saying 'they scare my wife when I'm not home' may imply that perhaps that these may be loan-sharks and or illegitimate sources of money and they scare her by perhaps insinuating that they would do him or his wife harm.. 

A double-digit inflation means a general increase in the price of goods and services, which means that because things are becoming more expensive he can afford less of the needed resources like food or water. Then, the rapper says he also has a 'Bum education' which may imply he's in the working poor because of this line and the next one after this "Can't take the train to the job' because he most likely because he can't afford a car so he must take a subway instead. 

This may also cause Social mobility shift within his life, or the movement of individuals or groups between social classes. And there’s three different kinds of Social Mobility, and they are called vertical mobility, horizontal, and integrational mobility. Horizontal mobility is a change in occupation within of the same social class. Vertical Mobility is a change upward or downward in occupational status or social class. And finally, Intergenerational mobility is a change in status or class from one generation to the next. Although he may have a job within the Working class (Which we can assume)  or higher, because of the high inflation rate that is currently happening, he may have vertical mobility downward in the class structure because of the lack of things or resources he can now acquire.  

The second part of the line informs us that there's a strike at the local station, which would imply, although we don't exactly know that cause of it is most likely that it's over pay disputes within the union.

I felt that I needed to add the last two lines in, because this again shows how stressful these situations can be for someone living with money issues and in a generally poor area.

From the aforementioned few of the theoretical perspectives in sociology in my verse 4 analyzation, I would like to take the time to one of the other ones. Symbolic interactionism through social stratification looks though the link between social class and self-esteem. An expected result of this is that people within higher social classes tend to overall have better self- esteem then the people in the class below them. I think this is shown clearly in lines “You'll grow in the ghetto living second-rate, And your eyes will sing a song called deep hate

The places you play and where you stay, Looks like one great big alleyway.”

I say this because these few lines show what someone within a lower class and class conscience, or being aware of other classes combined with symbolic interactionism may view their surroundings. The fact that the word ghetto, and ‘living second-rate’ not only shows us that they know that they’re living in a poor place but they’re also upset about it too, comparing their homes and fond places to a giant alleyway.  

The next part of this very long highlighted section goes into how young people will go onto praise people who make money illegally and bad ways and how they’ll admire them and give them unneeded prestige as well as bad role model even through if they could, they could be “spending twenties and tens”. 

After then to describe even more ways or ‘occupations’ you could take inspiration from in a place like this before “you wind up dropping outta high school, Now you’re unemployed, all null and void”. Which means that they lost their chance at a better job or movement upwards in class because of the simple fact he dropped out. 

The last section mentions a “Pretty Boy Floyd”, which is the name of a infamous Great Depression era robber, who was well liked for earning in such a trying economic time, but the next line refers to “an eight year bid” or other words an eight year jail sentence. Which shows what could happen if you follow a lifestyle like that or even worse, perhaps even death. I Believe this also touches on the last kind of the theoretical perspective is conflict theory, the expected result is that crime and the rate of prosecution lowers the higher the social class you are in. This is because of his low wealth and income in his social class, he feels the need to steal and job his way to success which leads to his eight year sentence.