Socioeconomic Status

Definition of Socioeconomic Status Hierarchical Category as it relates to People, Social Classes, Lower Class, Below Poverty Line

The ranking or hierarchy within a society that is determined by individuals' access to, or control over, wealth, resources, prestige, and power. It includes the differentiation and stratification of individuals based on income and wealth, often manifested through parameters such as being below the poverty line or belonging to a lower social class. It pertains to the social and economic conditions affecting individuals or groups of people within a society.

Note

Child Hierarchical Categories