Saturday, March 13, 2010

Who Has More Wealth?

Some would say that the only thing this woman owns is what she is wearing.
That this woman is impoverished.
That this woman's net worth couldn't be more than $100.

Some would say that these women are living a more abundant life.
Maybe, but the abundance of wealth is probably owned by someone else.
http://rawstory.com/2010/03/study-single-black-women-median-net-worth-5/
Does it make sense to have so much debt that ones own net worth is only $5?

1 comment:

FreeMan said...

Value has been replaced with what people perceive you to have. So the man who owns his house outright and has no debt is somehow less wealthy than the guy who has a interest only loan on a McMansion and 2 car notes and lives check to check.

This whole thing is 3 card monty and they got rid of the card you placed your bet. No one knows what money is anymore as the idea of credit and access to it has replaced having real money.