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To: GraceZ who wrote (78112)	1/25/2007 1:05:16 PM
From: forceOfHabit	Read Replies (1) \| Respond to of 110194

Grace: (msg 78090) "...being cash flow oriented has given them a very high average net worth in comparison to the rest of the world." forceOfHabit: (msg 78107) "Ummm...do you have any evidence to support that conclusion?" Grace: (msg 78112) (paraphrased by foh) "Why yes, it's certainly true that the average/median net worth in the US far exceeds the world average." Grace, Are you being stupid on purpose? No one in their right minds disputes the fact that Americans are, on average, better off than the vast majority of human beings on the planet. That's not the point, the point is you asserted (first quote above) that "..being very cash flow oriented has given them a very high average net worth." I can't really think of anything to further this debate other than to repeat my previous point (msg 78107) [D]o you have any evidence to support that conclusion? "Approaching life as a cash flow proposition" is a relatively recent economic phenomena even in the US while the affluence of the US (vs the rest of the world) is a long standing fact. Maybe this time you will answer the question, instead of evading it with a meaningless rejoinder. As for the rest of the discussion, there's no point in pointing out your silly straw men until you show you can actually answer a simple question. foh P.S. Do you have a source for your claim that "Having a net worth of $5,000 puts you ahead of 98% of the world's population." 2% of 6 billion is 120 million. The combined population of the EU and the US is more like 600 million. Depending on how you count (e.g. if I have a net worth of over $20000 and a wife and two dependent children, does that count as 4 people with a net worth over $5000 or 1?), I have my doubts as to its accuracy.

To: GraceZ who wrote (78112)	1/25/2007 1:33:48 PM
From: forceOfHabit	Read Replies (2) \| Respond to of 110194

Grace, I couldn't be bothered to wait for you to supply some support for your assertion that: Having a net worth of $5,000 puts you ahead of 98% of the world's population. Google "household net worth". The first link that comes up is www.census.gov/prod/2003pubs/p70-88.pdf. Read it. Admittedly its only for the US in 2000, but they come up with 104 million "households" with a median net worth of $55,000. So that's 52 million households with a net worth exceeding $55,000 (10x greater than the $5,000 you mention). Lets guesstimate that the average household contains 2.0 people (for the actual definition, read the pdf). That gives us over 100 million people (each having average net worth greater than $27,500), just in the US who have a net worth exceeding $5,000. 2% of approx. 6 billion people is 120 million. We haven't even started to count the Europeans with over $5,000 net worth. I hereby call bullshit on your initial claim. Feel free to provide evidence to the contrary. foh