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> A college student living on their own will appear to be a "poor household", even though many are likely to be in the top quintile later on in their life. A g
by nordsieck 6y ago
> A college student living on their own will appear to be a "poor household", even though many are likely to be in the top quintile later on in their life.
A great example from the other side of the spectrum is house sales: Anyone who needs to move and owns a house typically sells their house and buys a new one. During that year, they'll sometimes show up as having extremely high income. Depending on how often they move, this could have a real impact.
- mancerayder 6y agoI don't know if that's true. A house sale goes on a Schedule D, which gets pulled into Gross Income. I don't think Gross Income is what's used in those income calculations in the stats being discussed here?
- willcipriano 6y agoA researcher having the tools to exclude a particular type of income that throws off a statistic is a different matter than that researcher having the knowledge of those tools or the lack of ideological bias required to use them.