socioeconomic
Socioeconomic (adjective) means relating to the combination of a person's or group's social position and financial circumstances, such as income, education, occupation and class. Example: “Test scores still track socioeconomic background more closely than anything else.”
How to use socioeconomic
Learner’s notesIn plain EnglishTo do with both how much money people have and where they stand in society.
Formal; standard in research, policy and journalism.
Fill the gap
Can you complete this real example?
Test scores still track _____ background more closely than anything else.
Etymology
A compound of 'socio-', from Latin 'socius' meaning 'companion', and 'economic', from Greek 'oikonomia', household management.