Myths of rich and poor

[mburbank]

I'm no economist, but when they calculate my net worth, do they count the value of my home or the equity in it? And do when they do stats on who owns a dishawasher, are they talking about everybody that has one, or are they talking about everybody who's done paying for their dishwasher? What about savings, then vs. now?

Sowell wants to argue that it's more complicated then the doomsayers make it look. Fair enough. I'm guessing it may be a little more complicated than a wealthy columnist makes it look.