These thing aren't talked about much. But think the proper way to discuss is that "social status" exists among groups of rough peers and "social position" better describes someone's privileges of wealth, education and employment relative to society as a whole.

Just as an example, a whole lot of dysfunctional dynamics happening lately seem to involve billionaires jockeying for status with other billionaires.

Edit: I'd recommend Paul Fussel's book Class since it involves discussion of these two dynamics.