Socio-economic status (SES) refers to a person's social standing based on their income level, occupation, education level, and overall economic resources. It provides information about an individual's access to resources and opportunities.
Related terms
Privilege: This term refers to unearned advantages or benefits individuals may have based on their socio-economic status or other factors.
Poverty: This term describes a state of extreme deprivation where individuals lack basic necessities due to low socio-economic status.
Social mobility: This term refers to one's ability to move up or down the socioeconomic ladder over time.