Here Are the Best Indicators of Whether You're Rich

New research shows that owning an iPhone is the most common sign of wealth

Owning an iPad can also be a good indicator of wealth according to the research, though to a slightly lesser extent at 66.9 percent.

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.

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.

According to the researchers, owning an iPhone gave them a 69.1 percent chance of correctly guessing that a person was in the high-income bracket, or top quartile, of his or her group, such as single adults or couples with dependents.

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With (worrying) reports out of the United States that people who shop online using an Apple device can be charged a premium as much as 25 per cent due to the perception Apple fans are less price sensitive comes a new study that suggests that iPhone users are, indeed, richer than their Android-using counterparts. The data includes bi-annual questionnaires as well as information like household income from a face-to-face interview. They determined that "cultural differences" aren't getting larger over time when it comes to common brands and experiences.

"This take-away runs against the popular narrative of the U.S. becoming an increasingly divided society", the researchers write. You could tool around town in an expensive auto, wear some fancy duds, live in a giant mansion, or carry an Apple iPhone. There are many ways to make it seem more affordable, but you still end up paying what Apple is charging for the handset, whether you go for outright purchases or installment plans.

What a proclivity for spreading Grey Poupon on an iPhone says about your wealth was not addressed by the researchers. In 2004, Land O' Lakes butter and Kikkoman soy sauce were predictive of high-income households.

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