Abstract:Downward mobility is common, but we know little about who falls from the upper-middle class, how, and why they don’t see it coming. This chapter provides an overview of how intergenerational downward mobility occurs. It shows that both resources and identities are associated with downward mobility from the upper-middle class. Individuals who inherit relatively high levels of academic knowledge, institutional insights, and money tend to develop an identity that leads them to maintain high levels of these resour… Show more
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