One of the core principles of the Acton Institute is commitment to wealth creation since material impoverishment undermines the conditions that allow humans to flourish. We consider helping our fellow citizens to escape material deprivation to be one of the most morally significant economic concerns of our age. But how to do we gauge whether our neighbors are able to improve their economic security? A key metric that is often used is income or social mobility, the ability of an individual to improve their economic status over time.
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