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


To: zsteve who wrote (72582)12/31/1999 12:44:00 AM
From: Exacctnt  Read Replies (1) | Respond to of 132070
 
Zsteve, Thanks for the article. I just bought a new computer and I see it doesn't have Acrobat installed.

Let's see, this article says its based on the 1995 Census. (Outdated by 5 years). $1000 net financial assets and $35,500 net worth. ( Shoots down the $1000 net worth argument). Includes 401K data. (Excludes pension plans).

Don't see equity in home ownership, nor personal property holdings.

In general from what I see, there are too many holes in the methods of calculating wealth of a typical American. For Gods sake, if the writer is basing this on information gathered by a Census survey, no wonder the amounts are low. Does anybody list all of their net worth on such a survey? After all, it is big brother asking. <g>

Regards