Purchasing power of credit, social mobility, and economic mobility

Authors

Lawrence P. Shao, Marshall UniversityFollow
Ralph E. McKinney Jr., Marshall UniversityFollow
Dale H. Shao, Marshall UniversityFollow

Document Type

Article

Publication Date

2012

Abstract

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.

Comments

Copyright © 2012 International Academy of Business and Economics. Reprinted with permission. All rights reserved.

Recommended Citation

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.