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Income Mobility
The ability of an individual or family to move up or down the economic ladder within a society over time.
Higher Income Groupings
Refers to classifications of individuals or households that earn above a certain threshold of income, often compared within a broader economic context.
Lower Income Groupings
classifications of individuals or families that earn relatively less income compared to the median or average levels within a society.
Income Inequality
The unequal distribution of household or individual income across the various participants in an economy, leading to social and economic disparities.
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