I consider myself an average middle-class person, and I don't know any of the people I hang around that have a net worth of $467,000. Of course I'm 32, just starting out - as are most of my friends.
I guess this guy is figuring on home equity in the net worth figures, but the US home price average is around $220,000. So for someone to be worth $467,000 they would have to own an average home outright - plus have another $247,000 in assets.
Most of my friends are in debt up to their nose, and don't have a whole lot of equity - especially the one that took out home equity loans.
I don't think we have it as bad as most people think, and our best days are ahead; but this guy's figures are off.
We all have different opinions about how good or bad things are, and that's okay. Honorable people can disagree. You make a good point about the guy's figures. He is trying to cheerlead for the modern economy, and he used sloppy figuring to do so. If he wants to be optimistic, I'm happy for him. If he wants to be taken seriously, he needs to do more serious research and consider the facts more carefully.
Bill