poor like you
by austingirl
Wed Jan 11, 2006 at 09:43:54 AM PDT
Interesting statistic in this morning's WSJ article, "New Programs Spur Working Poor to Begin Saving."
"One-third of U.S. households have no financial assets. An additional one-fifth have insignificant holdings."
Doing the (very elementary) math:
33% + 20% = 53% = more than half of American households have no or insignificant financial holdings
Think about it for a while and watch your brain implode.
Link:
WSJ article link (suscription required)
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