[PRCo] Re: Europe ....

[Derrick J Brashear]

On Wed, 15 Oct 2008, Schneider Fred wrote:

> John:
>
> You and I both paid our mortgages off early.   You and I both are the
> kind of people who loan money to banks instead of borrowing it.   We
> are in the 24 percent that has no debt.   The average American owns

"owes"?

> $73,000 and I suspect that is consumer debt and excludes mortages
> because the average U. S. home is over $200,000 today.

I am below-average, including mortgage, then.