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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
The early retirers tended to be from higher socioeconomic groups than the later retirers.
Differences in life expectancy between socioeconomic groups have widened, mainly as a result of faster rates of improvement in affluent groups.
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.
Our epoch is characterized by startling advances on the one hand and conditions of extreme socioeconomic retrogression and distress on the other.
Symbolic attachment may reinforce localism or take the form of personal commitments that extend across socioeconomic strata.

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