DeVaney, S. A., & Anong, S. T. (2007). Income quintiles: Examining changes in the characteristics of respondents. Financial Counseling and Planning, 18(2), 19-34.
Brief Description: This study identified characteristics of Survey of Consumer Finances (SCF) respondents in different income distribution quintiles in 1998, 2001, and 2004. Characteristics associated with being in the upper and upper-middle income quintiles included age, education, homeownership, luxury vehicle ownership, and regular savings. Variables that were not significant included gender and family type and attitude …