Candace purchased her first home in 2008, right before the Great Recession. During the Great Recession, the value of her home plummeted, and she has never been able to fully recover financially. In contrast, her younger sister purchased her first home in 2013, and it has increased steadily in value and quickly came to surpass the value of Candace's home. This change in her sister's status compared to her own has frustrated Candace since they made similarly wise financial decisions and were equally responsible about home ownership. What form of mobility is causing Candace distress?

Question

Quizplus · Accepted Answer

Candace is experiencing distress due to relative mobility, which refers to the change in her economic status relative to her sister's. While both made similar financial decisions, the timing of their home purchases led to different outcomes in their wealth and economic positions relative to each other.

Candace Purchased Her First Home in 2008, Right Before the Great