The correct answer is "a person's position within society based on occupational, educational, and economic characteristics."
Socioeconomic status (SES) refers to a person's position within society based on occupational, educational, and economic characteristics.
When someone says that this person has a good socioeconomic status, what this means in simple terms is that this person has the proper educational level that allowed him to get a good job in the corporate world that makes him earn good money to have all the material commodities to live a good life.
This socioeconomic status allows him to respected or admired in his social circle and can be considered a positive reference to follow.