There’s something very interesting in this graph. The three groups have completely converged by the end of the 180 day period, but the average bank balance is now considerably higher.
Wasn’t the groups selected for having currently low income? Shouldn’t we expect some regression towards the mean i.e. an increase in average bank balance? Was there any indication for if the observed effect was larger or smaller than expected?
The control group goes up, and then back down. The payments were made in waves, and it doesn’t say the exact dates. But it’s possible that they were on average made a little bit before a stimulus payment.
Wasn’t the groups selected for having currently low income? Shouldn’t we expect some regression towards the mean i.e. an increase in average bank balance? Was there any indication for if the observed effect was larger or smaller than expected?
Note that after day 120 or so, all three groups’ balances decline together. Not sure what that’s about.
The control group goes up, and then back down. The payments were made in waves, and it doesn’t say the exact dates. But it’s possible that they were on average made a little bit before a stimulus payment.