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To: wallcrawlr
After all, we are told they are the ones on a "fixed income".

So why is it 90% of the people in any casino around here seem to be of retirement age?

Some may have trouble having ends meet, but the truth is that seniors aren't all eating dog food, in fact they tend to be better off than other classes.

21 posted on 06/03/2004 4:48:42 PM PDT by atomicpossum (I give up! Entropy, you win!)
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To: atomicpossum
Yep. Let's see where the wealth is:

TABLE 6
FAMILY NET WORTH AND NET FINANCIAL ASSETS OF
FAMILIES WITH TOTAL INCOME OF $30,000 OR GREATER
BY AGE OF HEAD OF FAMILY: 1995

Age of
Head
Net Worth
Net Financial Assets
Number of
Families
Mean
Median
Mean
Median
25–34
$42,102
$20,949
$7,283
$800
9,872,828
35–44
$89,032
$53,482
$20,996
$3,200
14,954,317
45–54
$146,386
$90,815
$43,189
$7,500
12,274,800
55–64
$215,894
$145,350
$78,291
$23,700
6,821,179
65–74
$270,623
$202,647
$118,783
$62,100
4,152,084
75 or older
$299,947
$225,800
$146,748
$100,000
1,701,111
All(a)
$133,607
$73,392
$44,055
$6,049
49,776,319
(a) Families with head age 25 or older
Source: Capital Research Associates analysis of Survey of Income and Program Participation data

26 posted on 06/03/2004 5:47:27 PM PDT by xrp
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