Interesting. I see how old folks can drain their savings when there’s little coming in.

Sunday, March 12, 2006

This is scary stuff. 

-begin quote- 

The Wealth of the American Nation

Americans are clearly the richest people on earth. Or are they? With some $50 trillion in stocks, bonds and real estate, we are watching our net worth grow each year. Some argue that the low US saving rate is not a problem as real net worth is growing fairly rapidly.

But not for the average family. A survey by the Federal Reserve Board’s Survey of Consumer Finances offers us the most detailed recent look at the balance sheet of U.S. households.

The median family has about $3,800 in the bank, do not have a retirement account, has a home worth $160,000 with a mortgage of $95,000. No mutual funds, stocks or bonds populate their investment portfolios. They make (jointly) $43,000 and struggle to pay off their $2,200 in credit card debt. That means 50% of Americans are in worse shape than the above. It is not a pretty picture.

As I noted last week, “…we find that 67% of the people aged 50-64 saved less than $10,000 last year. Over 40% saved less than $1,000!!!” No wonder that most people expect to work after age 65.

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Posted by reinkefj

When recovering, you better have every email address and password!

Sunday, March 12, 2006

Or you’ll lose something. I’m not so sure that I’ll be able to recover the minor ones. The topical ones that I created with gmail for a very specific purpose.

I use the inbox with a rule to put each email address in it’s own folder. When reinitializing outlook, it sucks … sucks all the old messages down to the inbox. I wait to energize that rule to move until I have had time to determine the date I already have and delete the prior. Then I energize the rule, and all is back to normal. I’ve used that trick before.

Also, when setting up lookout for gmal account, remember it has by design huge stores of messages. Use the received after now option and read the intermedairies online. If you need a local copy forward it to yourself.

Arghhhhh!

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Posted by reinkefj