Socio Economic status refers to an economic situation shared by a group of people in society. Measured based on combination of social and economic factors such as income, education, occupation and housing SocialStudiesDefinitions
Individuals or households income is one indicator of this
- helps govt identify people who may require additional assistance
- govt can provide more targeted support to those who need it more
Families with lower income ⇒ may face challenges ⇒ in providing the resources to support their children’s development
- ensure children have a good start in life ⇒ SG govt introduced KidSTART program ⇒ as added support for children 6 and below. SocialStudiesExamples