European Stars And Stripes (Newspaper) - July 20, 1986, Darmstadt, Hesse                                Inside stripes d the Nijm Egen marches stories and photos pages 2,3 d army s top Lawman takes aim on crooked contractors Page 5 d royals Howser to undergo brain surgery Page 21 the St gripes Autmos Zizio unofficial publication of vol. 45, no. 93 sunday july 20, 1986 a1mid Foch o.�, Emo q 8693 a wealth in America 2% of families control 38% of Money eduction race Are key factors study shows Washington a the sch Bureau in its first Ever assessment of wealth in America said Friday that 12percent or american families control 38 percent of household wealth while the typical Black family has about one tenth the assets of a White family. The report showed a wide Gap betwee the wealthiest families and the poorest with the groups differing significantly interns of race and education. The typical american family had a net Worth of $32,667 when the statistics were gathered in late 1984, with by farther biggest portion 41 percent a counted or by equity in a Home. Another 17 percent of the Media family s net Worth was deposited in in Terest bearing accounts while stocks an Mutual funds accounted for 7 percent of total household wealth. The typical Black household had a net Worth of just $3,397. Hispanic families fared Only slightly better with inet Worth of $4,913. At the very top the Jijin said the wealthiest 12 percent of american families have a  of $ 123,474and account Pung percent of All House hold vhf thin the country. They also control 63 percent of All stocks and 53 it of All Bonds and Money Market in report said.kkl2 percent which earns $48,000 or teen income each year i predominantly Chi Ell educated and employed in White col jacks or in their own businesses. Almost half of the Wealthie cans 48 percent had College i _ percent attended College but did no graduate. For All categories household ers with a College education had about twice the net Worth of those who Only graduated from High school $60,420 ver sus $31,890. By profession the riches found in the group info i _ played managers a pates signals witha median Ney Gera $163,615. People engaged joining forestry and  net Worth $5,597. Lost one third of All Black families .5 percent reported they own no As sets at All or have a negative net  half the Black families 54 percent have assets of less than $5,000.Only 11 percent of White american families have no assets or a negative net Worth and 26 percent have less than $5,000 in assets the report said. The wealthiest families those wort More than $250,000, included 6.5 per cent of White families 3.1 percent of his panics and 0.6 percent of Black House holds it said. The study also found a correlation be tween age and the accumulation of wealth. Net Worth was the highest for householders aged 55 to 64 at $73,660, spared with a median net " for householders ii dig pie a had a Mif Worth of$55,l805mbbspmt the elderly arc to meet their Liv the Survey found nah the mos popular Way of accumulate Enji myth is Home ownership with two Lam american families reporting they their Home. The typical amount of equity reported in the Home was $40,600, with this figure accounting for 41 percent of the median family s net Worth. Married couples had a median net Worth of $50,120, about four times the net Worth of families headed by woman $13,890, a statistic the analysts said helped explain the wealth discrepancy Between White and Black families. More Black families Are headed by women than White families. I a tuft top pot capitain conk in Polart com Calcut $17.627 Man Achins a work Onago Trabun Noli beating the heat a photo us year old Jennifer Smith races her tricycle through Cooling Spray in Elmhurst Iii. Hot and humid weather has kept much of the nation simmer ing for several Days. See Story on Page 27. Reagan claims press distorted Regan remark Washington a president Reagan scolded news organizations Friday for violation of the journalistic rules and distortion in stories quoting Whitehouse chief of staff Donald Regan As saying women would have to give up their diamonds if the unite states slapped sanctions on South Africa. Reagan leaving a ceremony in the Rose Garden also said he is very much opposed to punitive sanctions against South Africa As a tool to Force it to abandon its apartheid policy. Publicly Reagan and his staff refused to confirm that it was Regan who made the remark about women and diamonds which had triggered a new flood of criticism about sexism. However one White House official speaking on the condition of anonymity confirmed Regan As the source and said he s put his foot in his Mouth  Don t know Why he does  Regan has been criticized by the National Organiza Tion for women the head of the congressional Black caucus and others who accused him of insensitivity and sexism. The president was asked if he believes that women Are afraid to give up their  no he replied. But i think what you All ought to worry about is the violation of the journalistic rules that led to that Story because that Story according tothe transcript which i be read is a Complete distortion of the