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Politics : Ask Michael Burke

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To: Exacctnt who wrote (72552)12/31/1999 9:44:00 AM
From: Mike M2  Read Replies (1) of 132070
 
Exacct, Clinton is a liar you cannot believe everything he says. I am not sure of the figure but perhaps half of American households own their homes. I found some figures from 1995 % of cash, marketable securities, iras, keoghs 35% have under $1000. 19% have between $ 1,000 and $5000; 9% between $5000- $10,000 only 9.3% have over $100,0000 . While home equity may mitigate the comparison I don't think it helps the bottom 40% keep in mind many put little money down and borrow against their homes. I seem to recall hearing that 33% of home owners have no mortgage. Autos - about half are leased and many more financed but I suppose those debt free clunkers are worth something-g- Mike
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