Social mobility doesn't measure financial welfare and is only weakly correlated with the ability to improve your financial situation. It is largely a measure of wage compression in the economy. If everyone makes similar wages then the population will be highly socially mobile even if those wages are mediocre.
Absolute economic mobility matters much more in terms of having an opportunity to get out of poverty. High economic mobility increases wage variance and therefore naturally reduces social mobility scores since the latter is a relative rank measure.
There are countries where increasing your income $10k makes you "socially mobile" and other countries where increasing your income $50k does not.