socioeconomic mobility

Socioeconomic mobility refers to the ability of individuals or families to move up or down the social and economic hierarchy over time. It involves changes in income, education, occupation, and overall economic status. High mobility means people can improve their situation regardless of their background, while low mobility indicates that people tend to stay in similar economic positions throughout their lives. Factors influencing mobility include education access, job opportunities, social policies, and economic conditions. Overall, socioeconomic mobility reflects how flexible and fair a society is in allowing individuals to achieve better economic and social well-being.