http://www.ruthfullyyours.com/?p=63071

Uncertainty and struggle are what we most often associate with poverty. Not knowing if you can still afford to pay next month’s bills and worrying over how much more you can cut back when you’re already barely getting by. This way of life has become more associated with the middle class than with those at the very bottom.

The statistic that shows that average black household worth is at $4,955 while average white household worth is at $110,729 is often quoted, but these numbers are not comparing similar things. Comparing the naked numbers is as misleading as comparing the average salaries in Tokyo and Bombay. What matters is not how much money you have, but how you live.

The $110,729 and $4,955 don’t reflect different standards of living; but different ways of living. Much of that $110,729 is home equity. But why do you need to shoulder the burden of a mortgage, when the government will just give you housing for free?

It’s misleading to think of the $110,729 families as privileged and of the $4,955 families as oppressed.

The $110,729 and $4,955 families both have large flat screen televisions, smartphones and the usual baseline consumer toys. They could both eat equally well, except that the $4,955 family doesn’t bother watching its food budget. It just takes whatever it wants off the shelf and worries about prices later.

In terms of personal satisfaction, the $4,955 family is happier than the $110,729 family.