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Subject:  Re: The Net Worth of American Households Date:  1/7/2007  4:48 PM
Author:  shortUSD Number:  19319 of 36308

I had no idea Americans were so poor. 49.8% of all households have a net worth under $100,000. That is very tiny money: a couple T-bill ladders and hardly adequate reserves in case of a genuine, financial hardship. A mere 11.4% of households have a net worth greater than $500,000, which also worrisome. $500k is merely the size of robustly-constructed, properly-diversified portfolio.

i hope you never run for any kind of political office

95% of americans would think they were ABSOLUTELY RICH if they ever ended up with 500,000 in savings

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