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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (8340)	1/22/2003 3:34:20 PM
From: RealMuLan	Read Replies (1) \| Respond to of 306849

I guess it all depends on how do you define "rich". A person from a family with a household income of $15,000 in $70's now has his own household income of $100,000 might think he is "Rich", but is he??? I heard a caller from NPR said he has a household income of $100,000 with 3 kids, and cannot even afford health insurance for his family now, which would cost him $20,000 a year. The guest on NPR was talking about the top 1% richest in the US and the possibility of joining them as a regular person. And just that many people in that survey believed they were either "ARE" or "WILL BE" among the top 1% richest in the US. There is no need to argue with me. I am NOT among those 19%/40% of people in this country who have that kind of illusion because I seldom believe in anything this US "mess" media telling me. And it will be your own judgement to believe whether the sample of that survey is legit or not. As far as I am concerned, I think it is a given that the future generation in the US will have a much tougher time comparing their parent generation.