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

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

The iPhone is, of course, the most expensive smartphone you can buy, especially the newest generation. According to the research, the iPhone is the most common status symbol of wealth...

In the 2016 study, researchers were able to guess if a person belonged to a household with an income within the top quarter of the population, be it a single adult or two parents and dependents, simply by the subject's disclosure that they own a non-specific iPhone about 69 percent of the time. According to a new paper from the National Bureau of Economic Research, there's no better indicator of wealth than walking around with one of Apple's handsets.

"Across all years in our data, no individual brand is as predictive of being high-income as owning an Apple iPhone in 2016", researchers Marianne Bertrand and Emir Kamenica wrote. This paper incorporates data from Mediamark Research Intelligence, which had a sample size of 6,394.

The study included the top predictors for other years. In 2004, the second batch of data showed Land O' Lakes Regular butter was the clearest indication you were earning good money.

Trump nominates Judge Brett Kavanaugh to the Supreme Court
The introduction to the statement read "In response to Donald Trump's nomination of XX to the Supreme Court of the United States". Kavanaugh has attracted the most attention for his view that presidents shouldn't be bothered with legal inquiries. - Sen.

Lando Calrissian Will Return For STAR WARS: EPISODE IX
Last week, Keri Russell , a frequent Abrams collaborator also joined the cast in an undisclosed role. Daisy Ridley , Adam Driver , John Boyega and Oscar Isaac are all expected to return.

SUPREME SHOWDOWN: Trump Teases 'EXCEPTIONAL' Court Pick
John Neely Kennedy of Louisiana said he was bracing for a tough confirmation battle as Democrats focus on abortion. Senate Republicans hold only a 51-49 majority, leaving them hardly any margin if Democrats hold the line.

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 U.S. more than any other product category now. Owning an Android phone in the US or using Verizon are also signs that you're in the high-income bracket.

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

In the United States, if you have an Apple iPhone or iPad, it's a strong sign that you make a lot of money. In 2004, these were owning a stereo in a vehicle, owning a personal computer, and ordering an item on the internet. While in 1992, you were seemed to have made it if you owned a dishwasher, answering machine and even enjoyed eating Dijon mustard!

Related News:

  • 3 reasons why Belgium will defeat France in the semi-final

    3 reasons why Belgium will defeat France in the semi-final

    The Red Devils have also shown that, unlike their last two major worldwide tournaments, the big matches do not faze them. Roberto Martinez has spearheaded Belgium's campaign with the coaching aide of Henry who's his second in command.

    Boris Johnson resigns as British foreign secretary

    Writing on Twitter, he added: "Huge honour to be appointed Foreign Secretary at this critical moment in our country's history". He added: "Since I can not in all conscience champion these proposals, I have sadly concluded that I must go".
    Rohit ton, Pandya career-best give India T20I honours

    Rohit ton, Pandya career-best give India T20I honours

    Lokesh Rahul too stayed for a while but the much-needed partnership for India came between Rohit and captain Virat Kohli . The Powerplay of 73 for 0 was the best in T20Is in England , and the home side's second-best effort anywhere.
  • Apple iOS 11.4.1 officially adds USB Restricted Mode, blocking hacking tools

    Apple iOS 11.4.1 officially adds USB Restricted Mode, blocking hacking tools

    With the lock in place, data cannot be transferred to or from the Lightning port; it can only be used for device charging. If you own a HomePod, it will automatically update itself to the latest software release without any user intervention.
    Southgate invokes spirit of '66 as Lions feel history at their shoulder

    Southgate invokes spirit of '66 as Lions feel history at their shoulder

    When England finish a game I guarantee you that the opponents will be saying 'Wow, he was hard to play against '. The striker has become the poster boy of the Three Lions' campaign in Russian Federation with six goals so far.

    Thailand cave rescue: Why the boys are being kept in isolation

    The rescuers have been learning from experience and were two hours faster in bringing the second batch of survivors out on Monday. The boys are being monitored in the hospital for illnesses and other health issues from being stuck in the cave for two weeks.
  • China welcomes Air India's decision to change Taiwan's name on its website

    China welcomes Air India's decision to change Taiwan's name on its website

    Air India has caved to China's attempts to strong-arm countries and companies into recognising Taiwan as a part of "One China". TECC representative , Chung Kwang Tien , urged Air India to stand up against China's bullying. "We approve of that".
    Renowned Hollywood actor Tab Hunter dies

    Renowned Hollywood actor Tab Hunter dies

    Hunter made a flurry of movies in the latter half of the 1950s aimed at capitalizing on his popularity with young girls. Glaser also told the Times that Hunter was a religious man who worked with paralyzed veterans and animals.
    These two judges are favorites to win Supreme Court nod

    These two judges are favorites to win Supreme Court nod

    Kavanaugh dissented from his court's 2011 conclusion that Obamacare, a law detested by conservatives, did not violate the U.S. The White House hopes Kyl's close ties to Senate Republicans will help smooth the path for confirmation.
  • Missing infant found alive buried under sticks in Montana mountains

    Meanwhile, someone called dispatch and said Crowley returned to the area and deputies apprehended him, according to the statement. Crowley was arrested and booked into the Missoula County Detention Facility on a felony charge of criminal endangerment.

    U.K. Foreign Secretary Boris Johnson Resigns Over Brexit

    Under Conservative Party rules, a leadership race could be triggered if at least 48 of her MPs declared their support for one. Others don't have that same responsibility". "That doesn't work, somebody else could do a better job than me".
    What we know about the Thai cave rescue

    What we know about the Thai cave rescue

    The boys are being monitored in the hospital for illnesses and other health issues from being stuck in the cave for two weeks. A witness near the cave told the Reuters news agency that medical workers carried four people to emergency rescue vehicles.


Most liked

Haitian civil unrest enters third day despite fuel hike reversal
At the Toussaint Louverture global airport, dozens of stranded travelers camped out waiting for flights to resume, lounging on suitcases.

Sacha Baron Cohen’s new Showtime series premieres this Sunday
Sacha Baron Cohen's satirical new United States interview series is to air on Channel 4 . The new Sacha Baron Cohen show will premiere on Showtime July 15.

8 out of 13 now rescued from Thailand cave
Monday's rescue mission, which saw four boys extracted before dusk and whisked to Chiang Rai hospital, took around nine hours. Heavy rains in the morning cleared during the day, leaving the teams operating outside the cave in stifling heat.

David Davis quits as Brexit 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". Johnson served as foreign secretary for nearly exactly two years, taking up the post on July 13, 2016.

Real Madrid make signing Chelsea FC star top priority
Ronaldo has been with Madrid since 2009, scoring 450 goals in just 438 appearances for the club and helping them to 15 trophies.

Cherchesov's 'Men in Red' find solace in thousands of World Cup fans
Perenial shootout losers England were up next, taking on Colombia in the round of 16. Russian Federation had crashed out of the tournament.

Charlie Nicholas says England are going to the World Cup final
I am playing on a great team with a great coach, a real coach, and with players who give themselves fully to the game". We have to enjoy the moment, then tomorrow we prepare for England, we have one day less for preparation.

Unhappy Hamilton points finger at Ferrari’s ‘interesting tactics’
Emotional Hamilton lashed out and pointed an accusing finger at Ferrari's "interesting tactics" after feeling Raikkonen hit him on objective .

Turns Out IHOP Didn’t Change Its Name To ‘IHOb’ After All
IHOP's "word of mouth" score skyrocketed following the name change, according to YouGov BrandIndex data . Before the IHOb campaign, 19% of U.S. adults said they had talked about the chain in the past two weeks.

Trump Nominates Brett Kavanaugh To Supreme Court
In this Wednesday, March 8, 2017 photo, Judge Thomas Hardiman smiles during a meeting with The Associated Press in Philadelphia. Schumer says if Kavanaugh is confirmed, "women's reproductive rights would be in the hands of five men on the Supreme Court".

Orange Is The New Black Season 6 Trailer: Prison To The Max
If you thought things at Litchfield Penitentiary were too comfortable, Orange is the New Black is shaking things up. On the one hand, we're glad to see they're not glossing over the ramifications of last seasons prison riot arc.

McConnell Confronted by Protestors in Kentucky
This is the second time in recent weeks that McConnell has been confronted by angry protesters over the immigration debate. Senate Majority Leader Mitch McConnell , R-Ky., addresses reporters at the Capitol in Washington, May 15, 2018.

Chinese smartphone giant Xiaomi's listing falls flat
But doubts about the sustainability of its business model were among the reasons for the lower valuation, analysts said. Xiaomi had been expected to raise up to $10 billion, split between its Hong Kong and a mainland offering.

Pakistan Knock Zimbabwe Out, To Face Australia In Tri-Series Final
Executing his attacking strokes perfectly, Sarfraz found the gaps and the boundaries at regular intervals. Zaman said Pakistan was always confident they could pull off a successful chase.

Southgate tells England stars to 'be bigger than 1966 heroes'
Now Millwall Supporters' Club want to raise £5,000 to help fix the emergency response vehicle and get it back on the road. Police are aware of the damage to the vehicle , a London Ambulance Service spokesman confirmed.