Show 1 Family Assets ta 1 About Taking into account all his assets and all his liabilities how well-off well is the avera average g e resident of ot Davis County HOW MUCH has he acquired over the years In the way of ot worldly goods money goods money cars real estate personal property and other valuables According to recent economic studies the personal wealth I of the local population has been rising In recent years and IsI Isnow is isnow isnow now close to I THAT SUM it is acknowledged acknowledged ledged is an estimate It Is based upon national samplings made by the Federal Reserve Board and upon surveys by others They show that for most segments of ot the population the thenet thenet thenet net work of an individual or a family Is s directly related to Its annual income Those who are at the bottom of the Income I scale have been able to ac accumulate accumulate accumulate ac- ac cumulate very little in the way of assets Those with big Incomes in incomes incomes In- In comes on the other hand have assets equal to many times their annual earnings IN DAVIS County where Incomes in incomes incomes In- In comes have been on the rise In recent years the net worth of most families has been going up proportionately The average net work in the area is now estimated at 22 per family based on local earning figures and on the overall overall overall over over- all findings of the Federal Re Reserve Reserve Reserve Re- Re serve Board IT COMPARES with I per family in the rest of the I United States and with I In the State of Utah In general the average as assets assets assets as- as sets of families in the to income bracket Is placed at of those Inthe in inthe inthe the to category at and of ot those with earnings of to at INCLUDED IN a family's as aso assets assets as- as o sets are such Items Hems as c cash sh on hand and in banks the market value of property such as automobiles automobiles auto auto- mobiles apparel furniture and equipment equity In real estate cash value of ot life Ufe Insurance pension plans and Investments Deducted from this are mortgages mortgages mortgages mort mort- gages loans payable to banks and others installment debt and all other obligations IN DETERMINING the averages averages averages aver aver- ages all economic groups andall and andall andall all age groups are lumped to to- to gether For a closer look at any particular family however age becomes important Young couples Just starting out have little in the form torm of assets It builds up as they grow older reaching a peak between I a ages aces s 55 and 64 |