Income mobility

Question

Income mobility

Quizplus · Accepted Answer

Income mobility refers to the movement of individuals and households from one income quintile to another over time. It does not necessarily contribute to greater wealth inequality, and in fact, can help to mitigate it. While income mobility may be lower in the US than in some other developed nations, it is not necessarily lower than in most developing nations. Finally, income mobility can actually make lifetime income inequality among income receivers in the US lower than income inequality in any single year.

Income Mobility