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

To: KyrosL who wrote (24552)	10/15/2004 5:23:37 PM
From: Elroy Jetson	Respond to of 306849

Good work. In America the big jump in average net worth occurs after age fifty when most of their parents die leaving some quite wealthy. The wealth among these relatively few increases average net worth significantly. Although Australia has made constant, steady, gains in net worth, most of America's unfavorable comparison with Australia's net worth comes from America's shift from savings to spending after 1987.

To: KyrosL who wrote (24552)	10/15/2004 6:00:09 PM
From: fatty	Read Replies (1) \| Respond to of 306849

According to this file: www.census.gov/prod/2003pubs/p70-88.pdf The median household networth (which includes home value, IRA, 401k, vehicles etc) in the US in 2000 was $55,000. So if the average household networth in 2004 is $474,000 (assuming a household size of 3 and base on your calculation of $158,000 per person), it either means the home value has appreciated beyond imagination or the rich people have become insanely rich in the past four years. Or maybe the Fed is disagreeing with the Census Bureau.