Great Gatsby Curve

The Great Gatsby Curve illustrates the relationship between income inequality and social mobility within a society. Named after F. Scott Fitzgerald's character Jay Gatsby, it suggests that in countries with high income inequality, individuals have a harder time improving their economic status compared to their parents. In contrast, nations with more equal income distribution tend to offer greater opportunities for people to move up the economic ladder. Essentially, the curve highlights how wealth disparity can restrict people’s chances of achieving better financial outcomes through their own efforts.