socio-economic classes

Socio-economic classes are categories that describe people's economic and social positions based on factors like income, education, occupation, and wealth. Typically, society is divided into groups such as lower, middle, and upper classes, though these can vary. The lower class often faces economic challenges, the middle class has stable incomes and education, and the upper class holds significant wealth and influence. These distinctions influence opportunities, lifestyle, and social interactions, shaping individuals' experiences and access to resources. Socio-economic class helps us understand how economic status impacts people's daily lives and societal roles.