The phrase
"socioeconomic ladder" refers to the idea of a hierarchy or ladder-like structure that represents people's social and economic positions in society. It signifies the different levels or steps individuals can climb or fall on based on factors like their income, education, occupation, and social status. Moving up the
socioeconomic ladder generally means achieving higher levels of wealth, education, and social standing, while moving down means experiencing decreasing levels of these factors.
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