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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Exacctnt who wrote (72548)	12/30/1999 9:09:00 PM
From: Thomas M.	Read Replies (1) \| Respond to of 132070

Is the author saying that 40% of the American public has net worth of an average of $1,000? That doesn't sound too crazy to me. Many people live paycheck to paycheck, have no savings, and carry a lot of debt. I'm interested to hear what anyone else thinks. Tom

To: Exacctnt who wrote (72548)	12/30/1999 9:10:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Exacct, I didn't see the article but perhaps the high debt levels of the public are a factor. mike

To: Exacctnt who wrote (72548)	12/30/1999 9:14:00 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 132070

the quote was "the lower 40% of the population" think about it

To: Exacctnt who wrote (72548)	12/30/1999 11:50:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 132070

"Is the author saying that 40% of the American public has net worth of an average of $1,000?" Why is that hard to believe? What do you think the net worth of the fellow working in the gas station, at the McDonald's, waiting tables is? How about the homeless folks? People in prison? The bleeding hearts and artist? Children under 18? There are folks with a negative net worth as well you know. There are lots and lots of folks living paycheck to paycheck, and never saving a dime. Of course why they don't just take a credit card advance and buy some B2B stocks on margin and get rich I can't quite understand.... Regards, Barb