Savings, Schmavings

disneysteve

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Join Date: Jun 2006

Forum Posts: 39058
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#16

03-02-2007, 08:55 AM

Originally posted by Scanner View Post

I read another gov't report noting our collective net worth somewhere averages around 40K though, when 65. . .seems low if the average house is worth 200K in the country.

This article shows a median net worth of $176,300 for folks age 65-74. That sounds a lot more reasonable.
Wealth survey: How do you stack up? - Jan. 23, 2003

Steve

* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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