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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (30993)	3/16/2008 3:08:53 PM
From: energyplay	Read Replies (2) \| Respond to of 219928

I think your 400k per capita comes from people assuming that - 1) Social Security and other programs are debt obligations (they aren't) 2) Looking at the out go side and ignoring income 2)Using a 50 year time frame (why not 70 years ? or 200 ?) 3)Often not discounting the time value of money. Let's call this the straight line method. This produces very scary numbers. Better numbers - en.wikipedia.org 94 k is pretty high considering that most small children make under 20 k per year. Let's do an exercise. Joe12pack makes 100k as an engineer, and lives in a house worth 300k with a 240k, 30 year mortgage. Over the next 30 years, he will pay 580k paying paying off that mortgage. So he has 580k of debt, using the straight line method.