Income mobility refers to the ability of an individual or household to move up or down the income ladder over time. It is a measure of the extent to which people can improve their economic circumstances through their own efforts, education, or skill development. Therefore, choice A, "the ability to improve one's economic circumstances over time," is the correct answer.

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Income Mobility Is

Question 84

Multiple Choice

Income mobility is:

A) the ability to improve one's economic circumstances over time.
B) how much income is stored in offshore banks.
C) how likely the income associated with each job in the country will change in relative terms.
D) how likely the income associated with each job in the country will increase over time.

Correct Answer: