The text and chart in Figure 19 are from the U.S. Federal Reserve.36 In small groups, identify a list of questions you have about the data collection and presentation. In other words, what else do you want to know before drawing conclusions based on the data?

Figure 19

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Percent 255 20 1514 10 5 13 5 5 Figure 4: Willingness to take financial risks (by income stability) 23 8 7 12 11 10 10 Not at all 1 2 3 21 11 12 11 10 4 Stable income Varying income 5 1 1 22 4 5 6 7 8 9 Very willing "More risk-tolerant individuals may be willing to accept income that is more volatile. On a scale of zero to ten, with 'zero' being unwilling to take risks and 'ten' being very willing to take risks, more risk-tolerant individuals are somewhat more likely to have varying income than those who are less risk tolerant (figure 4). However, the difference in income volatility by risk tolerance is modest. This suggests that factors other than individual risk preferences likely drive income volatility."37