Which identity reflects informal rankings based on income and occupation?

Social class identity is indeed the correct choice as it pertains to informal rankings that are primarily influenced by factors such as income and occupation. This concept encompasses how individuals perceive their place within society based on their economic standing and professional roles. Social class identity can affect various aspects of life, including access to resources, social networks, and opportunities.

In contrast, cultural identity refers to the shared characteristics of a group related to cultural practices, languages, traditions, and customs, rather than economic factors. Racial identity focuses on the grouping of individuals based on shared physical characteristics and social experiences, which is also distinct from socioeconomic status. Gender identity is concerned with how individuals perceive themselves in relation to gender norms and roles, which does not directly correlate with occupation and income rankings. Thus, social class identity effectively captures the essence of informal societal hierarchies established through economic and occupational factors.