Tag: net worth

Onshore versus Offshore

By Thomas J. Stanley on Sep 15th, 2009 in Current Events

If you recall from an earlier blog, Part 1: The Millionaire Next Door:  Swiss? Cheese only, I hypothesized that most people who are guilty of tax evasion are hyper consumers.  But not all of these tax cheats use offshore accounts.  In fact, I am of the opinion that there is a much greater number of […]

Part 3 of 3: The Millionaire Next Door . . . Swiss? Cheese only.

By Thomas J. Stanley on Sep 10th, 2009 in Current Events

Compare the “rich” people (especially the Forbes 400 crowd I profiled in my previous blog) with the typical Joe and Nancy American household. The typical household in the United States generates a median income of just over $50,000 per year. As explained in an earlier blog, Average Rich? Median Poor?, its net worth is just […]

Average Rich or Median Poor?

By Thomas J. Stanley on Aug 25th, 2009 in Income vs. Net Worth

Most people today in America are not wealthy, far from it.  However, don’t be confused when you learn that the average net worth of an American household is $434,782. You may be thinking that even if an average American worker loses his job he will be able to live off of his wealth for five […]

Greetings from the Income Statement Affluent Capital of America

By Thomas J. Stanley on Aug 5th, 2009 in Income vs. Net Worth

I have lived in Georgia for most of my adult life, one of many New York transplants.  I would not want to live anywhere else.  In fact, my success in studying how people become wealthy as well as why so many people with high incomes accumulate little or nothing is related to where I live.  […]

Wealth is not Income; Income is not Wealth

By Thomas J. Stanley on Jul 23rd, 2009 in Income vs. Net Worth

There are a lot of writers, reporters and politicians who need to go back to school.  They continue to confuse income and wealth when talking about taxing the rich.  When I use the term wealth, I am referring to the net worth of a household, i.e. all of its assets less all of its liabilities.  […]