Redistribution from those with low FICO scores to those with high FICO scores is a stronger effect than re-distribution from low income to high income people.

Redistribution from those with low FICO scores to those with high FICO scores is a stronger effect than re-distribution from low income to high income people. https://www.federalreserve.gov/econres/feds/files/2023007pap.pdf https://www.federalreserve.gov/econres/feds/files/2023007pap...