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What does socioeconomic mean?

Looking for the meaning or definition of the word socioeconomic? Here's what it means.

Adjective
  1. Of or pertaining to social and economic factors.
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Examples
Differences in life expectancy between socioeconomic groups have widened, mainly as a result of faster rates of improvement in affluent groups.
The socioeconomic differences are more marked for smoking than for chewing tobacco.
Symbolic attachment may reinforce localism or take the form of personal commitments that extend across socioeconomic strata.
For adults, we allocated socioeconomic groups according to the longest held job of single women and the job of a married woman's husband.
We found, in fact, that the teachers repeatedly shifted the focus from race to socioeconomic status.
The audience sometimes seems to consist of monied people who go to the opera because that's what people in their socioeconomic position do.

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