Types of Social Mobility
I. Vertical Mobility refers to downward or upward movement in social rank, which occurs when there is a major change in wealth, prestige or power. When a person is said to move upward, this means that there is an increase in level of wealth through job promotion, small-scale businesses that have prospered. This change is symbolized by setting up residence in an affluent neighborhood, buying a more expensive car, and developing expensive tastes in home furnishing. While when a person is said to move downward the social stratification, this means that the person is experiencing financial reverses. This is symbolized by a person change views with regard to material goods.
Subtypes of Vertical Mobility
1. Career mobility- change in person’s occupational status or position.
Example: Rising to be a president from a struggling office