Stocks creep up; Dow rises for seventh day running

[slackmaster]

23. The term chronically sub-rich is a literary reference. The expression was used by the Firesign...

...Theatre one one of their famous record albums in the late 1970s to describe the condition of the middle class at a time of high inflation combined with stagnant economic growth; during the Carter Administration. It's a state of mind, an attitude created by a lifetime of working and saving but knowing that you will never be part of the ownership class no matter how hard or how long you work. I finished my undergraduate degree in 1975, graduating into a very difficult economic situation for a new university graduate.

I've been working for 32 years and saving whatever I could manage. I was wiped out - Reduced to a net worth of $0 - 13 years ago when I got divorced. It's been an uphill battle, and I don't expect to ever be wealthy nor do I have any desire to be so.

I have some retirement savings, mostly invested in stocks now. I earned every penny of it, and have never gotten an inheritance, been the beneficiary of a trust fund, had property given to me, etc.