Income mobility

https://www.youtube.com/watch?v=f_i8Tq032JQ&list=PLRZf05zFBLXIKLD3blbnnFIv85OesJaKc&index=3
1.What is sometimes called ‘luck’ in this video really is better described by random variation. The concept

of regression to the mean is very important. Please think about and write a couple of sentences about a

time in your life when you experienced a regression to the mean.

2.What is one major take-away from the video about income mobility? That is, how easily people who start

out in one income group can move to another income group?

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