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To: Elroy Jetson who wrote (12960)	10/6/2004 8:07:43 PM
From: Jill	Read Replies (3) \| Respond to of 116555

BTW I appreciate all your posts here and on real estate thread. I didn't check the link itself, but do you think they are adding up all the debt of this credit-consumer society to figure out net "worth"? You get tax breaks for mortgages, but otherwise, debt is not a good idea. I have no credit card debt at all, zero.

To: Elroy Jetson who wrote (12960)	10/6/2004 8:13:15 PM
From: MulhollandDrive	Respond to of 116555

edit... never mind i see the source, bankrate.com

To: Elroy Jetson who wrote (12960)	10/7/2004 9:43:51 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 116555

• Average personal wealth of a 50-year-old American, including home equity: less than $40,000. my guess is that they are counting zero personal wealth for the pensions people are receiving. i was talking to a municipal retiree recently whose pension is in the 4K/month range, plus health care. capitalizing those cash flows could easily top $1 million at today's interest rates, but according to these types of stats, such people have zero "personal wealth". remember the old saw about there being lies, damned lies, and statistics...