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To: SouthFloridaGuy who wrote (96273)4/19/2001 12:48:08 PM
From: Don Lloyd  Read Replies (1) | Respond to of 436258
 
NYCB -

...Everything of a qualitative nature does. However, I am speaking in quantitative terms and as a whole US household wealth decreased by 2% last year, the first time since WW2.

You have to be careful if you use measures of household wealth over longer periods of time. The fact that household size is in a long term downtrend means that per capita wealth can increase at the same time that household wealth is decreasing.

Regards, Don



To: SouthFloridaGuy who wrote (96273)4/19/2001 1:03:19 PM
From: edamo  Read Replies (1) | Respond to of 436258
 
nycb..."household wealth"

depends who you ask....the latest census shows no change, the consumer federation of america indicates the 2% decrease....all done via survey and sampling...the accuracy of such data is not so reliable....

what most forget is the ever present and expanding under ground economy that deals in cash....it is extremely prevalent...

you are a "new york city boy"....how much cash is off the books in manhattan alone?