Because barriers to wealth and limitations on purchasing power have a negative effect on career mobility, individuals planning their careers need to understand the factors that may influence their long term job prospects and attainable career goals. This paper takes a qualitative approach to examine how purchasing power can limit social and economic mobility. While occupational choice provides a primary path to wealth accumulation and access to social networks, financial decisions and other influences can limit career, social, and wealth building opportunities.
Shao, L. P., McKinney, R. E., Jr., & Shao, D. (2012). Purchasing power of credit, social mobility, and economic mobility. European Journal of Business Research, 12(4), 73-78.