Friday, 21 September, 2018


IPhone Is The Most Common Symbol Of Wealth, Shows New Research

IPhone Is The Most Common Symbol Of Wealth, Shows New Research IPhone Is The Most Common Symbol Of Wealth, Shows New Research
Melba Vasquez | 13 July, 2018, 00:11

That's according to new research published recently by the National Bureau of Economic Research in the U.S., which worked with the University of Chicago to discover how our lifestyle relates to our income.

Economists at the University of Chicago recently published a paper (PDF) with the National Bureau of Economic Research that examined the best indicators of wealth over the last few decades. Matter of fact, the researchers found that a person owning an iPhone gave them a 69.1% chance to correctly infer that the owner of the device had a "high-income", which they defined as being in the top quartile of income.

While the actual report isn't what you would call a page turner, it does say that based on 2016 data, no other brand is as "predictive" of having a high income as the Apple iPhone is.

New research coming from the United States has found some concrete evidence regarding the direct relationship between wealth and iPhone ownership: iPhone owners, most of the time, are rich. The most recent data was taken in 2016. In 2004, that was true if you wee a Land O' Lakes Regular user.

Aside from products, the economists, whose findings were earlier reported on by Business Insider, found that if traveling in the USA, owning a passport, and having Bluetooth in your auto were also high on the list of high-income indicators.

Interestingly, in 1992, using Grey Poupon Dijon mustard was 62.2 percent indicative of having a higher income.

IF YOU are one of the millions of Aussies who own an iPhone, congratulations - you're officially wealthy.

Word to the wise, however: the monetary value of smartphones typically diminish quickly because phone makers, Apple included, have a rapid release cycle for new models. More than 6,000 people were surveyed to acquire the data.

If you use dishwasher detergent, you're 69.3 percent likely to be "high income", and if you use Ziploc-style plastic bags then you're 57.5 percent likely to be loaded.

The data is also a reminder of how much things have changed technologically over the years. In 2016, the top entries were owning a vehicle with Bluetooth; ordering an item on the internet, and ordering a plane ticket on the internet.

Recommended

loading...
...

Apple may be launching a mountain of new hardware in the fall Apple may be launching a mountain of new hardware in the fall The simply named Blackmagic eGPU costs $699 and comes equipped with Radeon Pro 580 graphics clocked at 1,200MHz. Apple had said it was not a safety issue and had offered worldwide free replacement for such batteries.

Fortnite: Real Life Loot Llamas Appear in Europe Fortnite: Real Life Loot Llamas Appear in Europe The image is of an Egyptian cat-like mask with the famous portal rift, that's seen all over the Fortnite map, indenting the mask. So far, Fortnite fans have seen Llamas in London, Cologne, Barcelona , Poland , and Cannes, France .

Dejan Lovren Says He's One Of The Best Defenders In The World Dejan Lovren Says He's One Of The Best Defenders In The World There is too much criticism about me. "But whatever, this is what gets me to work hard and prove everyone wrong". We beat our record of 20 years ago and we had it on our shoulders all the time, this weight.

See how fans celebrated Croatia's World Cup semifinal win in Zagreb See how fans celebrated Croatia's World Cup semifinal win in Zagreb England aren't exactly known for their success in penalty shootouts at a World Cup. But even though England are out, they've still had an incredible tournament.

2nd man charged in rapper XXXTentacion's killing 2nd man charged in rapper XXXTentacion's killing Did rapper foreshadow own death? Remember, you can always remain anonymous, and you may be eligible for a $3,000 reward. Another suspect Dedrick Williams , 22, was charged last month with first-degree murder and is now in police custody.

Governor, union president honor Capt. Cory Barr, victim of Sun Prairie explosion Governor, union president honor Capt. Cory Barr, victim of Sun Prairie explosion He said they both served on a downtown business committee. "He'd give the shirt off his back", wife Abby Barr said. Barr had been with the department at least 10 years, Sun Prairie Fire Chief Christopher Garrison said.

Campaign Underway To Get Green Day's 'American Idiot' To UK Number One So far the effort appears to be working, with the song checking in at No. 18 on the chart Tuesday. Bush era, though it's applicable to all future American idiots , " writes Vulture ".

‘Game of Thrones’ earns a leading 22 Emmy Award nominations ‘Game of Thrones’ earns a leading 22 Emmy Award nominations The 2018 Primetime Emmy nominations will be announced Thursday, July 12 at 11:30 a.m. The 70th Primetime Emmy Awards ceremony will air live Monday, Sept. 17 on NBC.

Samira has walked out of 'Love Island' Samira has walked out of 'Love Island' I'm feeling 100% Frankie and even if that sounds like too much or whatever, I know that, that is who I am and that is what I want. She sobbed as he departed and has spent three days moping around the villa and looking at photos of them together.

Miami Man With No Arms Stabs Chicago Tourist Miami Man With No Arms Stabs Chicago Tourist Like, is it the right guy at that point? Paramedics transported him to the Mount Sinai Medical Center for treatment. An armless homeless man in Miami , Florida has been charged with stabbing a Chicago tourist with scissors.

Kenedy finishes medical ahead of Newcastle loan Kenedy finishes medical ahead of Newcastle loan But Kenedy would still prefer Newcastle for there he could play a full season on the pitch rather than on the bench. His long-term future at Chelsea is uncertain, particularly due to the confusing managerial situation at the club .

North Korean Delegation Reportedly Doesn’t Show Up For Meeting With U.S South Korea's urbanisation is one reason why more than a 1000 American service members are unaccounted for, said McKeague. Now, however, the mood in Pyongyang appears to be more conciliatory, with Kim keen for another meeting with Trump.

Croatia's Luka Modric criticises England's media as disrespectful Croatia's Luka Modric criticises England's media as disrespectful And England simply trailed off in the second half when it had just 30 per cent of the ball while Croatia cranked up their game. England's Kieran Trippier (not pictured) scores their first goal from a free kick past Croatia's Danijel Subasic.

Former Sussex schooolboy suffers World Cup semi-final heartbreak Former Sussex schooolboy suffers World Cup semi-final heartbreak Jamie Redknapp has graded the England players after the heartbreaking Croatia loss and gave attacking midfielder Dele Alli a 7/10. That goal was cancelled out by a second-half Ivan Perisic equalizer to ensure the sides were tied at 1-1 after 90 minutes.

Wimbledon 2018: Angelique Kerber Storms Into Second Final As Jelena Ostapenko Misfires Wimbledon 2018: Angelique Kerber Storms Into Second Final As Jelena Ostapenko Misfires She missed the 2017 tournament as she was pregnant with her daughter Alexis Jr., who was born on September 1 of that year. The 30-year-old was gifted point after point as Ostapenko's aggressive game backfired in a blaze of unforced errors.