Reply #7: Households only 60K, not total you cite

[oscar111]

Hi,
thanks Austin, for comments.

but dear friend, i quibble with one stat you have.

ten yrs ago, AARP said the avg household at retirement had 20 K savings, and 40 K in house worth.

let the ten years balance out two trends:
-- slight up in income due to inflation
-- some drop from that 60 K figure to the average age of folks and their lesser savings.

taking 60 K as roughly the household wealth, and 72 million families,
one only gets

4 trillion total for the middle class,

not 44. Perhaps KnightRidder moved a decimal in innocent error?

comments, valued correspondent?