Regulators Shut Down Lending Platform (YC Alum) LendUp

Re:Regulators Shut Down Lending Platform (YC Alum) LendUp by lief79 on Wednesday December 22, 2021 @06:35PM (#29656843)

Is the bottom 10% that sticky ... nvm, looks like it may be. From a quick search, 43% of the individuals raised in the bottom 25% stay in the bottom quartile.

https://www.pewtrusts.org/~/media/legacy/uploadedfiles/pcs_a...

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Re:Regulators Shut Down Lending Platform (YC Alum) LendUp by throwaway0a5e on Wednesday December 22, 2021 @09:54PM (#29658137)

So if you're born into the bottom 25 you have slightly worse than 60-40 odds odds of getting out?

Those seem like damn good odds for something that is necessarily a zero sum.

I would expect that as you get lower down (say bottom 10) it becomes even more volatile since the wealth needed to get out gets even lower.

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