Definition
Socioeconomic Status Definition
Socioeconomic status is a measure of a person's or group's relative social and economic standing in society. It is typically determined by an individual's or group's income, wealth, education level, occupation, and other factors. Socioeconomic status affects a person's or group's access to resources such as housing, healthcare, education, and other opportunities. It can also be a predictor of outcomes in terms of health, wealth, and success. In addition, socioeconomic status can play a role in the way individuals or groups are viewed or treated by others, including in the workplace.
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