[dawn53]

The typical American household has a net worth of $465,970, up 83% from 1965, 60% from 1985 and 35% from 1995."

Makes me think the writer might not know the meaning of "net worth."

He talks about increasing house prices, but most young people are in hoc for those houses, and they would add almost nothing to their "net worth" (i.e. assets minus liabilities.)

[petercooper]

yes he's missing the liabilities part of the equation