Socioeconomic Status Groups refer to the division of a society into different strata based on their economic and social standing. These groups encompass diverse population clusters distinguished by factors such as income, education, profession, and wealth. It also includes individuals sharing the same occupation or workplace, known as colleagues. Such groups may further be characterized by age, reflecting the generational differences in economic conditions and social roles. In a broader context, these groups signify the vast array of people within a society, each belonging to a distinct rank in the socioeconomic hierarchy.