Meaning of the word "social status" in English

What does "social status" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

social status

US /ˈsoʊʃəl ˈstætəs/
UK /ˈsəʊʃəl ˈsteɪtəs/

Noun

the position or rank of a person or group within a society

Example:
His wealth gave him high social status.
Many people strive to improve their social status.