I think part of the problem is that just like reviews and scores the only acceptable range you can be within is the top <20%. And that range seems to be constantly shrinking. No one wants to eat at a restaurant with below 4 stars. No one wants to help people who aren’t getting bigger and bigger loans making more and more interest.
We are a country that wants an unobtainable exceptionalism. Because that feels good and gives better returns. We focused entirely on the top and are squeezing harder to get more from it.
You get a chance to quantify and separate out by groups and it suddenly becomes a game to min-max people. It feels progressive but it just makes hierarchies.
Friendly reminder that’s all that a credit score is. Your profitability score.
Also not so friendly reminder they didn’t exist until 1989 so every generation prior to you had a much easier time.
I think part of the problem is that just like reviews and scores the only acceptable range you can be within is the top <20%. And that range seems to be constantly shrinking. No one wants to eat at a restaurant with below 4 stars. No one wants to help people who aren’t getting bigger and bigger loans making more and more interest.
We are a country that wants an unobtainable exceptionalism. Because that feels good and gives better returns. We focused entirely on the top and are squeezing harder to get more from it.
You get a chance to quantify and separate out by groups and it suddenly becomes a game to min-max people. It feels progressive but it just makes hierarchies.