The impact of rising income inequality on social mobility and economic growth

Abstract

This study examines the relationship between rising income inequality, social mobility, and economic growth. Using a combination of quantitative analysis and literature review, we investigate the effects of increasing income disparities on the ability of individuals to move up the social ladder and its implications for overall economic development. The research aims to provide insight into the potential consequences of widening income gaps and their impact on societal well-being and prosperity.