Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
The whole exercise in valuing worth, e.g., who is a millionaire, seems just like a playful exercise. However there are occasions when defining how the valuation occurs becomes important. If SS becomes indexed it will be important. It is important in determining who gets help paying for nursing home care. Housing can often be figured in the equation. Politicians are very bad in throwing around figures with defining terms. I recall one who was complaining about the number of welfare recipients in a community where the average income was over a million dollars. It turned out the median income was much less.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement