Evaluate the following statement: Intergenerational mobility is essentially a middle-class phenomenon.
A) This is true as intergenerational mobility at the top and bottom of the economic hierarchy remains fairly restricted.
B) Intergenerational mobility in income has declined since 1980, which suggests that all socioeconomic classes are becoming more caste-like.
C) With jobs programs and affirmative action, this is not true for Blacks and Hispanics.
D) This is not true. Trust fund children are not replenishing family wealth. That and taxation are already seeing downward mobility among members of the upper strata.
Correct Answer:
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