Luca Bruno / AP

In a new study, researchers were able to predict a person's economic status from their social network — the greater the number and diversity of connections, the greater the likelihood someone is wealthy.

What it means: Besides predicting economic status, author Hernan Makse said the data may indicate how a person is likely to react to issues and could be useful in maximizing the effects of large-scale economic stimulus policies. "For instance, the network of ties not only affect your economic status," Makse told Axios, "but also whether you are obese, you smoke, you are happy or you are married to the right person…The probability of all these events depends on your circle of influence."

The experiment: Makse and his team analyzed two datasets from Mexico: about 110 million phone calls across the country over three months and banking information from 500,000 people to determine their personal economic status (as measured by their credit card limit).

The results: Individuals in the top 1% of the economic stratum had a high location and influence in their social network compared with those in the bottom 10%.

Next step: The study better predicts economic status of older people than younger ones, so Ehsan Kazemi, a postdoctoral research fellow at Yale University who wasn't involved in the research, says they could follow up with the younger set in a few years to see if the economic prediction is correct.

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America's exceptionally uneventful Fourth of July

Illustration: Sarah Grillo/Axios

Amateur fireworks and small backyard cookouts are winning the weekend as the coronavirus takes the flash out of the Fourth of July.

What's happening: Public parades and fireworks displays around much of the country are being cancelled to prevent mass gatherings where the virus could spread. Hot-dog contests and concerts will play to empty stands and virtual audiences — all while American pride treads an all-time low.

Americans reflect on Independence Day amid racism reckoning

A Black Lives Matter banner and a United States flag on the facade of the U.S. embassy building in Seoul, South Korea. Photo: Simon Shin/SOPA Images/LightRocket via Getty Images

America's leaders are rethinking how they view Independence Day, as the country reckons with the historic, unequal treatment of people of color during a pandemic which has disproportionately affected nonwhite Americans.

Why it matters: The country’s legacy of racism has come into sharp focus in the weeks of protests following the death of George Floyd while in Minneapolis police custody. From Confederate statues to Mount Rushmore, Americans are reexamining the symbols and traditions they elevate and the history behind them.

Updated 17 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 11,031,905 — Total deaths: 523,777 — Total recoveries — 5,834,337Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 2,788,395 — Total deaths: 129,306 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.