"There is considerable movement up and down the economic ladder. Relative income positions often change over time." This statement is

Question

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Research suggests that there is a considerable amount of movement up and down the income ladder over time. This means that people do not necessarily stay in the same income quintile that they were born into, and their relative income position can change as they progress through their careers and experience different life events. This is true for both developed and developing economies.

"There Is Considerable Movement Up and Down the Economic Ladder