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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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Yes, the wealthy have low debt compared to their assets.
What I found more interesting was the top 1% hold assets 5 times as great as the entire bottom half of households. Wow. That's staggering.
It would not surprise me if the top 1% have assets equal to the bottom 90%. I'd like to see the numbers.
john70t, the personal savings rate is negative while corporations are sitting on record cash levels. Disappointing, but reality in a capitalist society.
I am not suggesting reallocation of wealth. I'm just saying.
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