A Federal Reserve survey released on 1/15/00 reports that U.S. families median net worth jumped from $60,900 in ’95 to $71,600 in ’98, the survey’s latest year. A rise of nearly 18%! 48.8% of families owned stock in ’98, up from 40.4% in ’95. The median net worth of households with incomes of $25,000 to $49,999 rose by 6.5% compared to 20% climb for those with incomes between $50,000 and $99,999 during the same time span. (Business Week 1/31/00)
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