Intergenerational social mobility studies have largely explored the relationship between one aspect of parent background (e.g., education, income, occupational status, wealth, or neighborhood context) and the corresponding aspect of that parent's child once they reach adulthood. Studies examining these various measures have provided differing conclusions about the extent that social origins constrain attainment in the U.S. In contrast, the persistence of racial inequality in intergenerational mobility is one consistent finding. For instance, across various measures, research demonstrates Black individuals are more likely than White individuals to experience downward mobility, and less likely to exceed the socioeconomic standings of their parents. In this article, we argue that a more holistic measure of both origin and destination, one that combines the above‐mentioned indicators, is necessary to advance our understanding of the extent that origin constrains future attainment. We summarize lessons gleaned from one‐dimensional estimates, and from other approaches that either combine some dimensions of socioeconomic background or attempt to capture a more holistic background in other ways. We then make a recommendation for methodological interventions to accomplish this more holistic approach and conclude with research and policy implications.