On Aug 10, 2011, at 9:02 PM, Bill Lear wrote: >> Actually household debt is about 120% of after-tax personal income - credit >> cards and the like around 20% and mortgages around 90% (with some other >> miscellaneous stuff thrown in). But just looking at that ignores the asset >> side, which is almost 620% of income, including 140% for residential real >> estate. > > I'm not sure I understand the last sentence --- this is in reference > to household assets? I thought residential real estate would be a > much larger portion of assets. What accounts for the rest? BTW, is > this median or average?
Mean, so it's way skewed by the upper brackets, meaning their financial assets. Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
