If a member of the bulge is one of the losers of income mobility, they haven't lost much, but if they can escape the bulge, oh boy oh boy.
@admittedlyhuman wait I can't tell if this is sarcastic - prospect theory/Bad Is Stronger Than Good?
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@sarahdoingthing "the bulge" means the 1st quintile and 3rd quintile are roughly equal and the 5th quintile is way way better than either. -
@sarahdoingthing so an equal chance of moving 2 quintiles in either direction looks real good to a member of the 3rd quintile. - 2 more replies
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