How Do You Perceive Your Income?

People who are lower in any given group tend to place themselves higher. This is because they do not realize how high the incomes of others are. So if you yourself are lower income, you will tend to think every one else has lower income too. And on the contrary, if you are higher ranked person in a group, you will wrongly tend to think that every one else is richer too. People are particularly bad at ranking themselves among co workers in their sector of firm. In fact, they they are better at ranking selves among their former schoolmates that they went to school with, or among their neighbors or people in their city.