What is meant by socioeconomic factor?

What is meant by socioeconomic factor?

Socioeconomic refers to society related economic factors. These factors relate to and influence one another. For example, your employment will dictate your income. Your income level often correlates to your level of education and your level of education helps to dictate your employment.

What do socioeconomic factors affect?

Social and economic factors, such as income, education, employment, community safety, and social supports can significantly affect how well and how long we live. These factors affect our ability to make healthy choices, afford medical care and housing, manage stress, and more.

What are three socioeconomic factors that influence health care?

Factors such as income, education, conditions of employment, power and social support act to strengthen or undermine the health of individuals and communities. Because of their potent and underlying effects, these health-determining factors are known as the ‘social determinants of health’ (Wilkinson & Marmot 2003).

How do socioeconomic factors affect healthcare?

Low SES is an important determinant of access to health care. Persons with low incomes are more likely to be Medicaid recipients or uninsured, have poor-quality health care, and seek health care less often; when they do seek health care, it is more likely to be for an emergency.

What is socioeconomic in health and social care?

SES is a measure of an individual or family’s economic and social position in relation to others, based on income, education, and occupation. Factors linked to socioeconomic status, such as poverty and poor education, are hugely important in predicting health outcomes.

How does socioeconomic impact on health and wellbeing?

Socioeconomic factors are important determinants of health and wellbeing in Australia. In general, people from lower socioeconomic groups are at greater risk of poor health, have higher rates of illness, disability and death, and live shorter lives than those from higher groups (Mackenbach 2015).

How does socioeconomic status affect the choices that are available to people and their resultant health outcomes?

In a variety of contexts, lower SES is associated with reduced access to care, poorer health outcomes, and increased mortality and morbidity as individuals age (9–18). Thus, this mini-review specifically targets the relationship between wealth, access to healthcare, and healthy aging.

How socioeconomic status affect the health health choices of an individual?

There is evidence that socioeconomic status (SES) affects individual’s health outcomes and the health care they receive. People of lower SES are more likely to have worse self-reported health,5,6 lower life expectancy,7 and suffer from more chronic conditions8-11 when compared with those of higher SES.

What economic factors affect health care?

Factors, such as employment, community safety, income, housing, transportation, educational attainment, social support, and discrimination account for roughly 40% of all health. These factors are significantly more influential of one’s health than clinical care.

How does the economy affect health care?

In the United States, the economy shapes the complex interactions among employment, health coverage and costs, as well as financial access to care and health outcomes. Available evidence indicates that, as in previous downturns,1,2 few employers plan to drop health coverage or restrict employee eligibility.