What does the term "socioeconomic status" (SES) refer to?

The term "socioeconomic status" (SES) refers to an individual or family's economic and social position in relation to others. This concept encompasses a variety of factors that together help to assess where a person or family stands within the social hierarchy. SES is not limited to just financial status; it integrates various dimensions including income, education level, and occupation.

By considering both economic and social elements, SES provides a more comprehensive understanding of an individual's circumstances and opportunities. For example, two individuals may have the same income, but differences in education and social connections can influence their overall status and access to resources. Thus, the definition of SES captures the interplay between economics and social factors, making it a crucial concept in sociology for analyzing disparities and understanding social mobility.