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

To: fatty who wrote (24556)	10/15/2004 6:37:09 PM
From: KyrosL	Respond to of 306849

I agree that the median is a better indicator of the "average" US household, since by definition half of the households are below it and half above it. However, average net worth is the indicator to use to get a country's wealth. In the US the wealth is concentrated at the top, and the concentration trend is accelerating -- Bush's tax cuts will accelerate the trend even more. It's not a good trend, even for the wealthy ones, cause sooner or later the bottom 60 or 70% will decide to exercise their one man one vote rights. As for the differences in numbers, I think the main difference is that the "family" as defined in the Fed study has more members than the "household" as defined in the census numbers.