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Technology Stocks : Intel Corporation (INTC)

INTC 34.50

+2.6%

Nov 21 9:30 AM EST

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To: Jeff Fox who wrote (74374)	2/24/1999 4:50:00 AM
From: Amy J	Read Replies (1) of 186894

OT Re: statistics on USA $. Jeff, 1/2 of USA wealth is owned by 3.5% of households. Median household has a networth less than $15,000, excluding home equity. Those in top quintile have a median household networth less than $60,000, excluding home equity. Without Soc Sec, almost one-half of Americans over sixty-five would live in poverty. Per Tom Stankley, 1995. Even worse is yet to come, many Gen X will retire without the pension plans and corporate retirement health plans of the earlier decades. If $35,000 were deposited into a child's retirement account on the day they were born, this would eventually grow to around $1M expressed in today's dollar, by age 65. (Assumes 50 year average SNP & inflation.) Why save for your kid's college? The $1M sounds like a much better deal! Weddings could even be eliminated and changed into fund-raising events for "the future retirement of the newlywed's future children." ;) Amy J

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