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Forum nameGeneral Discussion
Topic subjectThat quote doesn't mean what you think it means
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13458854&mesg_id=13458878
13458878, That quote doesn't mean what you think it means
Posted by PimpTrickGangstaClik, Wed Apr-27-22 11:46 AM
It shows that upper income benefit disproportionately. Upper income make up 25% of the population, but get 30% of the benefit. Middle and low income make up 75% of the population, but get 70% of the benefits.


>
>But anyway here's the quote from your article:
>"Around 70% of relief from a theoretical $50,000 in student
>debt forgiveness would go to those in middle-income and
>low-income neighborhoods, according to a recent study by The
>Federal Reserve Bank of New York."
>
>