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The clipping this text was read from
The clipping this text was read from

ine amount quoted relates to the so-called “average" family. For those in the local area In other income brackets, the estimates are as follows: Income of $5,000 to $7,500, assets of $13,200; income of $7,500 to $10,000, assets of $19,100, and income of $10,000 to $15,000 assets of $28,000. For the population of Rappahannock County as a whole, it adds up to a total net worth of $14,607,000. Taken into account is the market value of all housing, furniture, clothing, cars and other equipment, bank accounts, the cash value of insurance policies, pension plans, business interests and security investments. Offsets are bank loans, installment debt, mortgage obli gations and all other accounts payable. In the great majority of fa mi lies, it is pointed out, whatever they possess is the result of their own efforts and savings. Only in one case out of 20 has an inheritance accounted for a substantial part of their net worth.

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