Here are the actual statistics.Data from 2001 http://www.consumerfed.org/pdfs/evidence.pdfThe median net financial assets, including retirement accounts, and subtracting debt, 1998, was:AgeLess than 35 years $035-44 $10,00045-54 $20,50055-64 $32,77165 and older $34,550http://www.pcf.org/venture_philanthropy/pdfs/ida_research.pdfAlmost one-third (31%) of American households have no or negative financial assets, including over 60% of Black Americans, 54% of Hispanics, and 62% of single parent households.Nearly one in three American households possess zero or negative net financial assets.Half of all Americans have less than $1,000 in investable assets.The average American family holds only $3,700 in net financial assets.[end quotes]I doubt that the situation has improved, since 1998, since the national savings rate was positive, in 1998, but went negative, in 2005, and has remained negative, throughout 2006.http://bea.gov/bea/dn1.htmCharlie, you are right to be worried...perhaps more right than you even realized. Wendy
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