The review describes general principles and characteristics of inhomogeneously polarized paraxial optical fields and, especially, the polarization singularities (PSs). Main parameters of the optical vector waves are discussed, with the emphasis on the physical relevance and topological distinctiveness of the PSs. Special features of the stochastic vector fields are considered in the context of the PSs’ genericity and structural stability. A detailed attention is paid to interrelations between the PSs and the phase singularities of scalar fields formed by the orthogonal polarization projections of the total field, and their derivatives (complex Stokes fields, phase-difference fields, etc.). On this base, the practical approaches are discussed for the experimental PS identification and characterization. A particular examination of the internal energy flows associated with the PSs, and accompanying distributions of the optical momentum and angular momentum, reveals meaningful dynamical features of PSs and supplies additional physically transparent and informative means for their studies and characterization.