Status class refers to the social position or rank of an individual within a society. Other synonyms for status class include social status, social class, socio-economic status, position, rank, standing, and prestige. Social status pertains to the degree of honor, respect, and influence that a person holds within a community. Socio-economic status, on the other hand, is an individual's social and economic standing, which is determined by their income, education, and occupation. Position and rank refer to a person's placement within a hierarchy of power or authority. Finally, standing and prestige denote a person's reputation and level of authority in a collective setting, such as within a company or community.