[pjsbro]

Sorry I looked again and the piece does indeed label the net worth figure as the average.

This is still a very misleading figure since the gazzillionaires skew this number way way up.

[linda_22003]

Net worth includes things like the home you own, or your equity in it if you don't own it outright.

So I'd say it's a very plausible average figure. It's certainly far below my husband's and my net worth, and we're not "gazzillionaires".

[Gay State Conservative]

Sorry I looked again and the piece does indeed label the net worth figure as the average.This is still a very misleading figure since the gazzillionaires skew this number way way up.

I agree.Citing the *median* net worth of the nation's households would be far more useful..and revealing...than citing the average worth.

Recently,the Boston globe published a piece called "The Millionaires Among Us".It focused on the western suburbs of Boston which,today,are among the wealthiest towns in the country.The highest figure of "percentage of millionaires" was the town of Weston in which only 27% of the households had a net worth of 1 million or more.

[FreeReign]

Sorry I looked again and the piece does indeed label the net worth figure as the average. This is still a very misleading figure since the gazzillionaires skew this number way way up.

Gazzillionaires skew the figures way up? What's the figures and source of your claim.

[Mike-o-Matic]

  Sorry I looked again and the piece does indeed label the net worth figure as the average.

This is still a very misleading figure since the gazzillionaires skew this number way way up.

Indeed, the average can be misleading. I just googled the Census Bureau's 2000 figure for median US Household Net Worth, which was $55,000 in year 2000 dollars. Big difference! PDF website link here: Second page, first bullet point.