Is it possible to assign a dollar amount to the wealth index factor score? [message #129] |
Mon, 18 March 2013 17:16 |
emilype
Messages: 2 Registered: March 2013
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Many people have trouble understanding when we say, "the bottom wealth quintile" but can easily understand, "less than 2$ a day".
Is it possible to assign a dollar amount to the wealth index factor score? Or at least, is it possible to assign a range of possible incomes, daily expenditures, or net worth based on the wealth index factor score? Does anyone have any experience trying to map the quintiles to $ amounts, perhaps using other country data?
I'd be grateful for any tips!
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