Monday, 23 July, 2018

Almost 70% of Americans who own an iPhone have a high income

View Comments			FacebookTwitterGooglePinterestLinkedInReddit View Comments FacebookTwitterGooglePinterestLinkedInReddit
Katie Ramirez | 10 July, 2018, 12:28

WTF?! If for some reason you want people to think you're rich, you don't have to buy a Rolex or a Porsche, simply get yourself an iPhone.

There are details and caveats to the research, but the economists found that owning an iPhone gave them a 69% chance to correctly infer that the owner was "high-income", which they defined as being in the top quartile of income for households of that type - like single adult or couple with dependents, for example.

A new paper from the National Bureau of Economic Research, highlighted by Business Insider, aims to infer demographics based on consumer behavior and media consumption.

The study utilized data from Mediamark Research Intelligence, with a sample size of 6,394 people.

With Android phone ownership and other technology-related entries being on the list too, the bigger takeaway is that technology truly plays a bigger part in people's lives in the United States more than any other product category now.

More news: How to use USB Restricted Mode on your iPhone or iPad

However, the research also shows that owning a generic Android phone (60 percent) or using Verizon (61 percent), which was the priciest carrier for wireless service in 2016, also were reliable indicators of wealth, too. In 1992, the top brand that revealed wealth among its users was Grey Poupon mustard, followed by Kodak film.

The paper also reveals iPhone owners are likely to give the impression of being educated.

The study took a look at 2016 data, but the result of owning iPhones and iPads being the best indicator that a person is rich may continue into the succeeding years.

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. In 1992, it was owning an automatic dishwasher at 71.4 percent and using dishwater detergent at 70.2 percent. 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

  • Prince William and Duchess Kate christen third child Prince Louis

    Prince William and Duchess Kate christen third child Prince Louis

    The third child of Prince William and wife Kate, Prince Louis , was christened Monday at a royal chapel in London . Lady Laura Meade is married to Prince William's close friend James, who is Princess Charlotte's godfather.
    Prince Louis's christening to take place in the Chapel Royal

    Prince Louis's christening to take place in the Chapel Royal

    The six godparents, who also attended with their spouses, are all friends or family of William and Kate. In 2013, Prince Louis' older brother, Prince George, was also christened by Welby at the Chapel Royal .
    William Dunlop killed in Skerries crash

    William Dunlop killed in Skerries crash

    Racer William Dunlop of the famed road racing Dunlop family has died after crashing during practice in a race in Ireland. The Ballymoney native, 32, crashed near Sam's Tunnel on his third lap shortly after 5pm on Saturday evening.
  • 3rd mission underway at Thai cave, aims to rescue all left

    3rd mission underway at Thai cave, aims to rescue all left

    Rescuers are moving ahead quickly because they are afraid monsoon rains will completely flood the caves. Two of the boys are now being treated for minor lung infections.
    Brett Kavanaugh Announced as Trump's Pick for SCOTUS

    Brett Kavanaugh Announced as Trump's Pick for SCOTUS

    If Kavanaugh were confirmed as a Supreme Court justice and the hydrofluorocarbon case came to the court, he would be recused. Supreme Court nominee Judge Brett Kavanaugh is seen in the East Room of the White House in Washington , U.S., July 9, 2018.
    Baby abandoned near Lolo Hot Springs recovering

    Baby abandoned near Lolo Hot Springs recovering

    A babysitter buried a five month-old infant alive in pile of sticks and leaves on the side of mountain in 46F weather, police say. Deputies then arrested Crowley who Bassett said appeared to be under the influence of drugs and was not making sense to officers.
  • Nadal ends seven-year wait, return to Wimbledon quarter-finals

    Nadal ends seven-year wait, return to Wimbledon quarter-finals

    Roger Federer cruised into yet another Wimbledon quarter-final with one of the most straightforward wins of his career on Monday. The match between No. 5 Juan Martin del Potro and Gilles Simon was suspended due to darkness and will resume Tuesday at 8 a.m.
    Silverstone wins keeps alive remarkable Sebastian Vettel statistic

    Silverstone wins keeps alive remarkable Sebastian Vettel statistic

    However, for another week, the team kept him out and he subsequently surrendered the lead on lap 47 with his tyres wearing. It took five laps for the Ferrari to overwhelm the Mercedes, diving down the inside at turn six and seizing the place.
    Guide for France vs. Belgium, Croatia vs. England

    Guide for France vs. Belgium, Croatia vs. England

    Romelu Lukaku has been directly involved in 20 goals in his last 13 games for Belgium in all competitions (17 goals, 3 assists). With Eden Hazard alongside him (though Dries Mertens hasn't shown his Napoli form) Belgium have a formidable forward line.
  • Dick Cheney signs waterboarding kit in Sacha Baron Cohen's latest teaser

    As for Sacha, apparently the comedian/prankster has been undercover secretly filming a new show for a year. Sacha Baron Cohen took to social media on Sunday to tease his upcoming series on Showtime .
    Croatia identify England danger man for semi-final

    Croatia identify England danger man for semi-final

    We could only make amends for that moment here at this World Cup . "We looked composed", England captain Harry Kane said. It was England's eighth set-piece goal of its 11 in Russian Federation , and the center back's first in global soccer.

    Croatia Lands in Moscow Ahead of World Cup Showdown with England

    However, Subasic remained on the field and was the hero for Croatia in the penalty shootout as he saved from Fyodor Smolov. Should England overcome Croatia on Wednesday night, it will be the country's first major tournament final in 52 years.

Justin Bieber and Hailey Baldwin are reportedly engaged Justin Bieber and Hailey Baldwin are reportedly engaged Selena Gomez "doesn't care" about her ex-boyfriend Justin Bieber's quick engagement to Hailey Baldwin , a source tells Us Weekly . According to People , the proposal was "kind of surprise, but kind of not". "Proud is an understatement!" he wrote .

UK's May names loyalist Jeremy Hunt as foreign secretary UK's May names loyalist Jeremy Hunt as foreign secretary He said: "It is on the edge of what we can support, but it does just meet the test of what people were voting for in 2016". Her party is divided into hard-and-soft Brexit factions and she has the impossible task of keeping them on the same page.

Pixel 2 XL, Home, & Chromecast, including $150 off Home Max pair Pixel 2 XL, Home, & Chromecast, including $150 off Home Max pair But before you buy the discounted Pixel 2 XL, remember that the Pixel 3 and Pixel 3 XL are in the pipeline. The two retailers are also knocking an extra $5 off the Chromecast Ultra so you can get it for $49.

Monster Hunter World PC Release Date and Trailer Revealed Monster Hunter World PC Release Date and Trailer Revealed But Monster Hunter has always had more fans in Japan than any other region - or at least that was the case until World . The game is already available for pre-purchase on Steam and will release closer than many anticipated, on August 9th.

It’s official: LeBron James signs 4-year, $153.3M deal with Lakers It’s official: LeBron James signs 4-year, $153.3M deal with Lakers James has played in the past eight NBA Finals with the Miami Heat and the Cavaliers , winning three titles. James, 33, has averaged 27.2 points, 7.4 rebounds and 7.2 assists per game in 1,143 career contests.

Twitter reacts to Jay Cutler in "Very Cavallari" season premiere Twitter reacts to Jay Cutler in I'm looking to do the exact opposite of that", said Cutler when asked by his wife what his plans for the rest of this life. The show is very much about Kristen's business venture and her employees , Shannon, Renee and Brittainy.

Raheem Sterling, England on collision course with Belgium in World Cup final Raheem Sterling, England on collision course with Belgium in World Cup final The Three Lions could have scored more goals from open play had Raheem Sterling showed more composure in front of goal. Stick to what you're doing, I'm behind you. "The good thing is Pickford has made important saves at the right times".

May Loyalist Jeremy Hunt Named as Foreign Secretary But as Foreign Secretary in May's government, he was prone to gaffes and criticized for not being on top of his brief. But in parliament, her words suggested she had chose to face down the dissenters rather than change her plans.

The significance of the royal chapel where Prince Louis will be christened He was welcomed into the Christian faith dressed in the same frilly, cream gown used for George and Charlotte . It is the latter that she had remade in a yellow colour for Prince Harry and Meghan Markle's royal wedding.

A look at what's ahead in the World Cup A look at what's ahead in the World Cup Petersburg, Russia, Monday, July 9, 2018. "Of course, there is some power left for the English. Croatia became only the second team to win successive penalty shootouts at the World Cup.

IHOP is back after IHOb burger phase IHOP is back after IHOb burger phase International House of Pancakes flipped the "P" in their name to a "b"; Jeff Flock explains what the "b" in IHOb stands for. IHOP's "word of mouth" score skyrocketed following the name change, according to YouGov BrandIndex data . "And it worked.

Erik Jones has won a NASCAR race at Daytona International Speedway Erik Jones has won a NASCAR race at Daytona International Speedway I'll take the credit for my team, and we'll go to Talladega, and we'll wreck everybody that throws a bad block like that". He just hit from behind me. "It was just a little bit of survival and at the end trying to make the right moves".

Japan floods: 126 killed after torrential rain and landslides Japan floods: 126 killed after torrential rain and landslides Another resident, 82-year-old Saburo Yokoyama, said he was horrified when he saw floodwater flowing just outside his house. But they were moving carefully, looking as they went for survivors, or the remains of those killed in the disaster .

LiAngelo Ball signing with Los Angeles ... Ballers LiAngelo Ball signing with Los Angeles ... Ballers LiAngelo subsequently left UCLA and played professionally in Lithuania alongside LaMelo before entering the NBA Draft in June. Unfortunately, it's not Lonzo , it's not the Los Angeles Lakers and it's not in the National Basketball Association .

Kim Kardashian Reportedly Visits Womens Prison in California Kim Kardashian Reportedly Visits Womens Prison in California Insiders told TMZ that Kardashian went to the California Institution for Women in Corona on Friday afternoon, and was shown the grounds and living accommodations.