Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Fox who wrote (74374)	2/24/1999 3:54:00 AM
From: Jeff Fox	Respond to of 186894

Opps, correct that to read. "[Gates] made a cool $3.6 billion just today." Seems I overlooked a couple of stock splits. Jeff

To: Jeff Fox who wrote (74374)	2/24/1999 4:50:00 AM
From: Amy J	Read Replies (1) \| Respond to of 186894

OT Re: statistics on USA $. Jeff, 1/2 of USA wealth is owned by 3.5% of households. Median household has a networth less than $15,000, excluding home equity. Those in top quintile have a median household networth less than $60,000, excluding home equity. Without Soc Sec, almost one-half of Americans over sixty-five would live in poverty. Per Tom Stankley, 1995. Even worse is yet to come, many Gen X will retire without the pension plans and corporate retirement health plans of the earlier decades. If $35,000 were deposited into a child's retirement account on the day they were born, this would eventually grow to around $1M expressed in today's dollar, by age 65. (Assumes 50 year average SNP & inflation.) Why save for your kid's college? The $1M sounds like a much better deal! Weddings could even be eliminated and changed into fund-raising events for "the future retirement of the newlywed's future children." ;) Amy J