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Most Americans own less than they did in 2005
[By US Census]
How hard has this ‘wealth drain’ hit the middle class?
There are two ways to measure how people are doing financially: How much they earn, and how much they own.
The second category gets less attention, but it can be just as important. And, it’s very likely that you own a lot less than you did before the Great Recession.
In fact, odds are roughly 50/50 that you own less than you did in the year 2000, according to the latest Census data. That’s stunning.
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And, it’s another reason you might feel restless.
Assessment
- Most Americans own less than they did in 2005
- More on Doctors and Personal Net Worth
- Physician Assets, Liabilities and Personal Net Worth
Conclusion
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Filed under: Financial Planning | Tagged: ‘wealth drain’, household net worth, Where is the Wealth? |
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American stock holdings at 18-year low
Indeed, stock ownership for the wealthy is at a new high, adding to their fortunes as the market continues to hit records.
http://money.msn.com/top-stocks/post–american-stock-holdings-at-18-year-low
Dr. David Edward Marcinko MBA CMP™
http://www.CertifiedMedicalPlanner.org
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Study: US wealth gap is ‘unsustainable’
Harvard research indicates that the chasm between the rich and poor continues to grow and that there’s no sign it will narrow anytime soon.
http://money.msn.com/saving-money-tips/post–study-us-wealth-gap-is-unsustainable
Gregory
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