Explain the concept of intergenerational mobility.

Explain the concept of intergenerational mobility.

Intergenerational mobility refers to the movement or change in social or economic status between different generations within a society. It measures the extent to which individuals or families move up or down the social or economic ladder compared to their parents or previous generations. Intergenerational mobility can be upward, downward, or stagnant, and it is often used as an indicator of social and economic inequality within a society. Factors such as education, income, occupation, and social class play a significant role in determining intergenerational mobility.