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You can see what wikipedia says about it https://en.wikipedia.org/wiki/Socioeconomic_status https://en.wikipedia.org/wiki/Socioeconomic_status Personally, whe
by europeanguy 4y ago
You can see what wikipedia says about it
https://en.wikipedia.org/wiki/Socioeconomic_status https://en.wikipedia.org/wiki/Socioeconomic_status
Personally, whenever I read "socioeconomic status" I mentally replace with "how much money they got".
(Yes, I know, socioeconomic status includes assets other than money, But money can easily be converted to a lot of things. That's why people like it.)
- mattnewton 4y agoI think in other countries it would be called “class” which encompasses those other advantages like family names or titles, but in the US “money” is probably good enough most of the time, and we tend to even convert those other assets to approximate dollar values for a nice tidy “net worth” figure.