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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (76732)	12/27/2006 12:45:35 PM
From: bart13	Respond to of 110194

Yes, the data is definitely already inflation adjusted. So, the top 1% has almost tripled their net worth between 1962 and 2004 in real dollars. Here is the original source of the data. It's on page 7 of the following pdf file, table 5.4. Notice the note in the title: "thousands of 2004 dollars": Yes, I did miss it by being too focused on getting the picture of the longer term charts out - thanks. I still seriously question whether it actually tripled due to all the CPI fiddling and would probably guesstimate that the upper 1% "only" doubled or so. The same CPI lies effect also makes the lower 60-80% net worth picture even worse, resulting in large real purchasing power losses.

To: KyrosL who wrote (76732)	12/27/2006 1:06:18 PM
From: orkrious	Read Replies (1) \| Respond to of 110194

Yes, the data is definitely already inflation adjusted. So, the top 1% has almost tripled their net worth between 1962 and 2004 in real dollars. I don't mean to nitpick, but I'll bet the median top 1% has wealth that is a lot less than the $15 mil average in that table. There's no question the wealthy have done better than everyone else but I have a hard time believing most of the top 1% of the population is worth $15 mil. The top fifty thousand people must really skew that statistic.