What is the term for the movement of individuals or groups down the social hierarchy, often resulting in a decline in social status?

The term for the movement of individuals or groups down the social hierarchy is called "downward mobility. " This happens when a person's social status decreases, often due to factors like losing a job, financial problems, or changes in family circumstances. For example, if a person who once had a well-paying job loses it and has to take a lower-paying position, they experience downward mobility. This shift can affect not just their income, but also their sense of identity and opportunities in life. Understanding downward mobility helps us see how economic and social changes can impact people's lives.