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Pastimes : Let's Talk About Our Feelings!!!

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To: Lizzie Tudor who wrote (72400)1/17/2000 3:04:00 PM
From: Ish  Read Replies (2) of 108807
 
<<The fact remains the elderly are the wealthiest demographic group>>

I think you're confusing wealth with income on being well off.

Elderly couple - $500k in assets.
Home $300k
Bank CDs paying 4% $200k
Pension $6k

A pair of your young workers' assets
$15k in savings
$50k in the market
Two salaries over $100k

Now the elderly are wealthier by $435k but have less income by $186k.

It's the income that will determine who's living well.
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