Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Elroy Jetson who wrote (12960)	10/7/2004 9:43:51 AM
From: Wyätt Gwyön	Read Replies (1) of 116555

• Average personal wealth of a 50-year-old American, including home equity: less than $40,000. my guess is that they are counting zero personal wealth for the pensions people are receiving. i was talking to a municipal retiree recently whose pension is in the 4K/month range, plus health care. capitalizing those cash flows could easily top $1 million at today's interest rates, but according to these types of stats, such people have zero "personal wealth". remember the old saw about there being lies, damned lies, and statistics...

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