Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Young Scholar
I guess it is just your point of view of what is rich or not but considering that - 1.3% of all estates are $1 million dollars or more. That says to me were talking rich people.

I am not sure what you define as rich but when your wealth exceeds 98.7% or more of the entire US population you look wealthy to most people.
43 posted on 07/31/2006 9:50:34 AM PDT by LM_Guy
[ Post Reply | Private Reply | To 39 | View Replies ]


To: LM_Guy
It certainly appears rich, but remember that as we move to 401(k)s, which can be passed on, from defined benefit pension plans, many people--at least those with the foresight to plan well--will have larger estates ($1 million is a decent-sized, but not huge, 401(k)). Also consider that with property inflation in many parts of the country, ordinary houses can fetch $500,000+.

Together, these mean we will probably see far more estates in the $1 million+ range, even from people with middle-class incomes.

44 posted on 07/31/2006 9:57:10 AM PDT by Young Scholar
[ Post Reply | Private Reply | To 43 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson