70% of American own homes, 65% are invested in stocks and bonds!

[elsol]

hi rr,

that was an interesting posting. are you saying, for a car, the situation for the worker is essentially unchanged.? (half a year's pay)

I'm a 'skilled laborer'... I can get a great car for about 1/4 my salary (if not less) as long as I don't care if a hottie measures my dick by the car I drive.

I actually took more time to research my girl's new car than my own... as I remember it picking my car was as simple as "That's the brightest yellow car I can buy!"

 

[Roxanne Appleby]

see the table i just posted from the employee benefit persons. the second and third quintiles are losing (absolutely, IOW) in constant dollars.

The charts in that study are filled with all kinds of interesting facts and figures, the interpretation and implications of which are anything but obvious. The one data set you quote, pensions and annuities of those over age 50 by quintile, could mean many things, among them the fact that the nation is shifting from defined benefit to defined contribution pensions, which we already knew. This inference is supported by another chart, the percentage of the population recieving pensions and annuities by quintile, which shows the same pattern.