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Is it possible to assign a dollar amount to the wealth index factor score? [message #129] Mon, 18 March 2013 17:16 Go to previous message
emilype is currently offline  emilype
Messages: 2
Registered: March 2013
Member
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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