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To: peter michaelson who wrote (5000)9/13/1998 3:06:00 PM
From: Joseph G.  Respond to of 78486
 
<<1000 richest having the personal assets of 50 million regular people>>

I had 10 mil "average investors", meaning about 10 mil "upper middle class", assets roughly between $100k and 1 mil. There are certainly 50 mil Americans with negative combined net assets.

One should also be careful to distinguish assets from income. Income distribution, which does not include unrealized cap gains, is much more equatable.