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To: 9thLife
Most people have heard the Oxfam statistics that now we’ve got 80, the 80 richest people in the world, having more wealth that the bottom three-point-five billion

I don't have any brief for the super-rich, but I can think of no statistic more misleading than a "wealth" characteristic. Using that criterion, a guy with a $200,000 IRA has more wealth than 10,000,000 folks with underwater mortgages.
19 posted on 01/26/2015 11:56:06 AM PST by Dr. Sivana (There is no salvation in politics)
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To: Dr. Sivana
Using that criterion, a guy with a $200,000 IRA has more wealth than 10,000,000 folks with underwater mortgages.

But that's true.

23 posted on 01/26/2015 11:58:58 AM PST by SamAdams76
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To: Dr. Sivana

I can’t put my hands on the statistic quickly, but the percentage of adults in the US with a negative net worth is unbelievably high.

All you need is a few bucks in your pocket and no debt to be ahead of them.


84 posted on 01/26/2015 1:08:51 PM PST by justlurking (tagline removed, as demanded by Admin Moderator)
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