Question

sociology quiz In 2008 the United States, as well as the rest of the world, felt the effects of the recession. After the collapse of the housing market, people lost their jobs and they quit spending money. Many people could not afford their mortgages anymore and their homes went into foreclosure. For many people, it was a time of __________.

Answer 1

Answer:

Downward mobility

Explanation:

According to a different source, these are the options that come with this question:

• Social stratification
• Social inconsistency
• Horizontal mobility
• Downward mobility

Social mobility refers to the movement of people, families or groups in the social hierarchy in which they live. A type of social mobility is vertical mobility. This occurs when a person changes its social class. When a person moves to a higher social class (through more wealth or a more prestigious occupation) this is known as "upward mobility." When a person moves to a lower social class, this is known as "downward mobility."

Answer 2

Answer:

Downward mobility

Explanation:

Social mobility is the term used to describe a situation of change in economic status that causes the forced change of citizens from one social class to another.

This change can occur upward, which occurs when citizens move from a lower social class to a higher class (people are in a better economic condition), or downward, when people move from a higher social class to a lower social class (people have worse economic conditions).

When a country experiences an economic crisis, as shown in the question above, the economic situation of the people is deficient, promoting the existence of downward social mobility.