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arjielast Thursday at 11:11 PM1 replyview on HN

I don't think people need to hold a specific view. The experience of higher income percentiles is that the goods and services they rely on will get more expensive. Their position will be against a generic economic term, inflation, not against any individuals and awareness of other income percentiles will be limited. People at each position on the percentile curve will simply experience what they are experiencing and assume it is occurring to others as well.


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arjieyesterday at 6:08 AM

Hmm, this is tougher than I thought to tease out. You can get income decile/tercile level sentiment but the problem is getting out workers vs. retirees etc. It would make sense that fixed-income earners would experience distress if worker incomes rose so I need to pull out that set but I can't find a way to do it. But this should be a massive smoking gun and I don't see the gun smoking that much. Sentiment for high-income mostly seems to just match the S&P500 and interest rates... I think it was a good idea but it's not true.