Income mobility is quite robust in the United States, with more than half of all households moving up and down the income distribution ladder in any decade.

Question

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Studies and data on income mobility in the United States show that there is significant movement among income groups, with a substantial portion of households moving up or down the income distribution over a decade. This reflects the dynamic nature of the U.S. economy and the opportunities for income growth and decline.

Income Mobility Is Quite Robust in the United States, with More