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Politics : Formerly About Advanced Micro Devices

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To: Elroy who wrote (278541)3/7/2006 5:44:13 PM
From: tejek  Read Replies (2) of 1571690
 
Meet the typical American family.

It has about $3,800 in the bank. No one has a retirement account, and the neighbors who do only have about $35,000 in theirs. Mutual funds? Stocks? Bonds? Nope. The house is worth $160,000, but the family owes $95,000 on it to the bank. The breadwinners make more than $43,000 a year but can't manage to pay off a $2,200 credit card balance...


I am not surprised......from what I understand, the US has one of the worst savings rates among the developed nations.

BTW did you ever figure out why the Saudi stock market fell 2000 pts? I can't imagine what caused the drop.
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