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Owning an iPhone is the Number-One Way To Guess if You’re Rich or Not, Research Finds

An nameless reader stocks a file: In the United States, if you have got an Apple iPhone or iPad, it’s a strong sign that you make a lot of money. That’s considered one of the takeaways from a brand new National Bureau of Economic Research working paper from University of Chicago economists Marianne Bertrand and Emir Kamenica. “Across all years in our data, no individual brand is as predictive of being high-income as owning an Apple iPhone in 2016,” the researchers wrote. There are main points and caveats to the analysis, however the economists discovered that proudly owning an iPhone gave them a 69% likelihood to accurately infer that the proprietor was once “high-income,” which they outlined as being in the best quartile of source of revenue for families of that sort — like unmarried grownup or couple with dependents, as an example.

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