Show Live In Davis County You Are Worth More SPECIAL TO ro TIlE THE CLIPPER The net worth of Davis County County Coun ty residents has hu been rising In recent years year AS OF THE TItE past year the personal wealth net assets of the local population amounted to no less than it itIs itis itis is estimated based on the latest latest lat lat- est economic studies Included in this total are all allor of or their worldly possessions- possessions money personal property real property and other valuables valuables- everything In fact over and above their debts WHILE TIlE THE figure ligure admittedly admittedly admit is not a precise one it itis itis itis is derived from national surveys surveys sur sur- veys vey made by the Federal Reserve Reserve Re Re- serve Board Doard and others It takes Into account the overall income in the local area and the extent to which the income income in in- come is distributed among the population IN DAVIS County where average average av avo av- av earnings have been going going go go- going ing higher and higher with the years year the net worth of or local families has hu been rising pro pro- What it amounts to now de de- determined determined by dividing the total assets of or the community community com comb by the number of families lies is an average of d per family ELSEWHERE in the Moun Moun- tain States the average is 18 In assets per family and andIn andin andin In the state of or Utah Since average lumps together together to to- gether rich and poor as well as old and young Oung no family Is just average TIlE THE BROAD picture of personal per per- wealth shows that for far any particular family It Is closely related to Its earnings It also varies with age A Ayoung Ayoung Ayoung young family just starting out has a modest Income and little In the form of assets Its funds are used for equipping a home TIlE THE FEDERAL Reser Reset v e Board finds that in general families with annual incomes of to have a net worth of those with to income a net worth of and those in inthe inthe inthe the to bracket The net worth figures combine COMbine com comb bine all assets such as the equity in a house the value of life Insurance cash on hand and in the bank stocks and bonds automobile the amount in pension funds household appliances appliances appliances ap ap- ap- ap furniture jewelry and andall andall andall all other items of value |