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Two variables that are actually not related to each other may nonetheless have a very high correlation because they both result from some other, possibly hidden, factor.This is an
Example of
Old Money
Wealth that has been inherited over several generations, often associated with families that maintain a high social status.
Property Upkeep
The maintenance and repairs required to keep a property in good condition.
Horizontal Mobility
The movement of individuals or groups across similar socioeconomic levels or positions without significant change in their status.
Social Status
The position or rank of a person or group within the society based on wealth, occupation, education, and other factors.
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