The study found that 70% of individuals from lower socioeconomic backgrounds face barriers that impact their access to opportunities, with younger generations particularly affected.
Over a quarter (27%) of those surveyed feel pressured to hide or downplay their background during job interviews or at work, illustrating the social stigma that persists around socioeconomic status.
The research from Co-op and Demos underscores the economic impact of addressing social mobility, estimating that improving access to opportunities could add £200 billion to UK GDP over the next decade.
The study identified the top barriers that individuals from disadvantaged backgrounds face when trying to progress, including a lack of financial support for further education and low confidence in work environments.
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