This was written in 2007, frightening insights. "Ine of my main arguments has been with the explosion of home equity withdrawals the past half decade, people who are otherwise struggling, have been able to maintain their living standards and mask their growing expenses (growing at far higher rate than government 'reports'). Most of America *is* falling behind. And with the first nationwide decrease (ever) in home values, the gig is up. If income inequality is good or bad can be debated for days, but facts are facts." http://www.fundmymutualfund.com/2007/12/do-bottom-80-of-americans-stand-chance.html Kind of crazy that $350k puts you in the top 1%.