LOL, how else should I prove my point? Links to documented studies are no good now?
Making a statement and supporting it by vomiting links and providing links to long studies doesn't cut it, no. You need to provide answers that make sense and supporting with documentation, not say, here spend reading hours reading this and it'll make sense. I asked a simple question, I got a flood of BS in response.
But your "credentials" are sufficient?
Sufficient for what? I didn't make a claim, you did.
Oh, I see. The second sentence is too far in for you? Holy **** you're pathetic. Here I'll do the work for you......again. My god you are lazy. You are what is wrong with this country. Sheer laziness. If only you worked as hard as you complain, we'd be much better off.
"The wealth or net worth of U.S. households is a stock measure of the difference between the value of their assets and their liabilities"
"I" am pathetic? Talk about a pathetic non-answer. Wealth = assets less liabilities. It's like asking what Cal Ripken's lifetime batting average as and you answer the number of hits he got divided by the number of plate appearances. No duh. It never ceases to amaze me no matter how stupid I think liberals are their point was even more inane then the most inane thing I imagined.
So, from the points I originally raise, I'll dumb it down for you the best I can, though it won't be enough.
- Did the statistics count home ownership? The references I saw were to portfolios and investments, not personal assets. But I couldn't find a definition. For the middle class, their home is typically by far their biggest investment.
- Did it count the net present value of pensions and social security? Again, the references seemed to indicate they didn't.
- Did they even count 401Ks or IRAs? The references were just unclear on this one.
Here's an easy one. Does your "definition" of wealth answer any of those questions? The answer is no. Oops, gave you a freeby, that was easy.