Which of the following statements accurately describe aspects of social mobility? Select all that apply.

Social mobility refers to the ability of individuals or families to move up or down the social ladder in terms of wealth, education, and occupation. One important aspect of social mobility is that it can occur both upward, where a person improves their social status, and downward, where a person may lose status. For example, if a student from a low-income family gets a scholarship to a prestigious university and later secures a high-paying job, this represents upward social mobility. Factors such as education, family background, and economic opportunities play significant roles in determining a person's chances for social mobility. Overall, understanding social mobility helps us see how society can change and how people can improve their lives through hard work and opportunity.