[Chi-Town]

The Daily Sun today has a good news article on how the net worth of people ages 65 to 74 has increased significantly from 2010 - 2013. I would imagine 2014 will add to that increase. So to the naysayers who lament how badly things have gotten and how we're heading toward Armageddon, please remember that your financial well being is extremely important to you and your children. But to all read the article; it's a beautiful day in The Villages.

[Bavarian]

How much is due to Inflation?

[Villages PL]

Originally Posted by Chi-Town

The Daily Sun today has a good news article on how the net worth of people ages 65 to 74 has increased significantly from 2010 - 2013. I would imagine 2014 will add to that increase. So to the naysayers who lament how badly things have gotten and how we're heading toward Armageddon, please remember that your financial well being is extremely important to you and your children. But to all read the article; it's a beautiful day in The Villages.

I would say most of the gain in net worth consisted of gaining back what was lost when the market tanked. It all depends on the years being compared. Perhaps they should have compared 2007 or 2008 with 2013.
Also, not all investors got in at the same time, so some did much better than others. Some may have gotten out at the bottom and stayed out.

I was slowly accumulating shares (bargains) as the market went down so I eventually did well. I lost some money as the market went down but eventually made back much more than I lost.

[FromAus]

The cumulative rate of inflation from 2010 to 2013 was 6.8%

[TVMayor]

I know my net worth is not included in the in The Daily Sun figures because they never contacted me to ask me.

[rubicon]

Beware of the "wealth effect"

[dewilson58]

Net Worth in the bank, or Net Worth to society??

[billethkid]

and please, PLEASE remember TV is not a typical sample of the age group mentioned.

On a nation wide, same basis and age group measure I suspect the news is not all that celebratory!!

TV is an anomoly in many, many respects.

[Bavarian]

Originally Posted by rubicon

Beware of the "wealth effect"

Thank you, Alan Greenspan

[dplars]

Life in TV is great, if you saved, invested and lived below your income. If you are still working and your insurance premium doubled or the deductible went from $1000 to $10,000 and your disposable income went down 30%, you may say it sucks. Talk to some young working family's.

[Chi-Town]

Originally Posted by billethkid

and please, PLEASE remember TV is not a typical sample of the age group mentioned.

On a nation wide, same basis and age group measure I suspect the news is not all that celebratory!!

TV is an anomoly in many, many respects.

Actually the article stated that the 16% increase was for the broader population and that TV might be higher. Just imagine the blowback if we were lower than the national average.

But take a look at the brokerages and banks that are flourishing here. Check out the Fross & Fross building in Lake Sumter. I don't doubt that The Villages is an anomaly, but how sweet it is that we are enjoying an upswing.

[Buffalo Jim]

Originally Posted by Bavarian

Thank you, Alan Greenspan

Ha Ha ! Good One !!

[Coal Miner]

Some people just cant handle good news. yea but! yea but! yea but!.

[golf2140]

We did it without the help of the govn, Gee that's funny

[kellyjam]

]We did it without the help of the govn, Gee that's funny

With all the trillions that were created out of thin air, I would say the Government had a lot to do with it.