Longitudinal data on income inequality in the United States indicates that:

Question

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Longitudinal data on income inequality in the United States indicates that there is substantial movement among income groupings in the United States. While children of poor families may stay poor, many also escape poverty, and similarly, children of rich families do not always stay rich. This suggests that there is a significant degree of income mobility in the United States, with individuals and families moving up or down the income ladder over time. While income inequality remains a significant issue, these findings suggest that social and economic mobility is possible in the United States.

Longitudinal Data on Income Inequality in the United States Indicates