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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (24519)10/14/2004 8:07:03 PM
From: KyrosLRead Replies (1) of 306849
 
Ok, the wealth for 50 year olds may be right, but you can't extrapolate that to the whole population. Americans' net worth peaks in their sixties. Net worth per capita in America probably increased since the market crash. That's because the increase in home values probably exceeded the losses in the stock market. I suspect the average net worth of an American is still a bit higher than that of an Australian, though Aussies should be catching up quickly -- their stock market never crashed, their currency is appreciating fast, and their houses have gone up more.
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