Answer :
Individuals that would be considered high socioeconomic status would have income greater than $24,900 and those individuals having an income of less than or equal to $24,900 will be considered low socioeconomic status also do not have a college degree.
Socioeconomic status can be described as the status a person based on his monetary value.
Generally, a person who is considered to belong to the high socioeconomic status has an income greater than the value of $24,900. These persons might or might not be educated.
On the other hand, those people that have an income equal to or lower than this amount are considered to be of low socioeconomic status. These people also do not have a college degree.
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