John Shakespeare was a glover, which is a person who makes and sells gloves, and he also traded in agricultural products. He held various local government positions, including bailiff (chief magistrate) of Stratford-upon-Avon, alderman (member of the town council), and chamberlain (responsible for the town's finances). These roles indicate that John Shakespeare had a certain level of respect and influence in the community.
While the exact financial status of the Shakespeare family is not fully known, it is generally believed that they were financially secure during William Shakespeare's early years. However, John Shakespeare's financial situation deteriorated in the late 1570s and 1580s, likely due to a combination of factors such as economic hardships, mismanagement of finances, and legal issues. As a result, the family's social standing declined, and William Shakespeare left Stratford for London to pursue a career in the theater.
In summary, William Shakespeare was born into a relatively comfortable and respected family, but their financial circumstances became more challenging during his childhood. Nonetheless, the cultural and educational opportunities available to him in Stratford contributed to his early development as a writer and poet.