Economic mobility is often described as how a person’s economic well-being changes over a lifetime. As a person’s income increases, they are considered upwardly mobile. Economic mobility is influenced by an individual’s community, neighborhood, geographic area and population group.
Economic mobility is viewed by the National League of Cities (NLC) as a continuum – starting with economic stability (ability to meet basic needs), progressing to economic security (stable employment and ability to cover expenses) and ultimately to wealth building (ability to save for self and family’s future).
How to Use this Toolkit
what you need to know
Economic Mobility and City Levers
area 1
Advancing Family-Supporting Employment
area 2
Boosting Small Business
area 3
Strengthening the Municipal Workforce
area 4
Supporting Wage Growth
