Socioeconomic status (SES) refers to an individual's social and economic position in society, determined by factors such as income, education level, and occupation. It impacts access to resources, opportunities, and overall quality of life.
Related terms
Income Inequality: Income inequality refers to the unequal distribution of wealth or income within a population.
Social Mobility: Social mobility is the ability of individuals or families to move up or down the socioeconomic ladder over time.
Poverty: Poverty is a state characterized by inadequate resources or income to meet basic needs such as food, shelter, healthcare, and education.