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Page 193 7.4. Judge the fairness of the U.S. economy, considering the level of inequality, the poverty rate, the opportunity for social mobility, and the
Page 193 7.4. Judge the fairness of the U.S. economy, considering the level of inequality, the poverty rate, the opportunity for social mobility, and the correlation between money and status. Based on the figure, identify the true and false statements about social mobility in the United States. A graph shows mobility of persons from an income quintile at birth to age 40. The data show that for those born in the poorest quintile, at age 40 36% remained in the poorest quintile, 24% went to the second poorest quintile, 18% went to the third poorest quintile, 13% went to the fourth poorest quintile, and 10% went to the richest quintile. For those born in the second poorest quintile, at age 40 22% went to the poorest quintile, 23% remained in the second poorest quintile, 20% went to the third poorest quintile, 17% went to the fourth poorest quintile, and 17% went to the richest quintile. For those born in the third poorest quintile, at age 40 17% went to the poorest quintile, 21% went to the second poorest quintile, 22% remained in the third poorest quintile, 21% went to the fourth poorest quintile, and 19% went to the richest
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