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One hundred years ago, it was virtually impossible for the average person to become a millionaire. Take a look at these lifestyle statistics at the turn of the 20th century.

 

In 1900, the average wage in this country was 22¢ an hour. The average worker earned between $200 and $400 a year, well below the poverty line at the time. Only 6% of all Americans had  graduated from high school. Life expectancy was 47  years old. Only 14% of the homes had a bathtub. There were 8,000 cars in the United States and only 144 miles of paved roads. Until WWI,

 

the average American family spent 80% of their income on the basic necessities of food, shelter, and clothing.

 

In a word, 100 years ago, there were basically two economic classes: The rich.  And the rest.  Only one in 10 families was upper class or middle class. Which means that in 1900, 90% of the people in the

U.S. would have been classified as poor.

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The Parable of the Pipeline: How Anyone Can Build a Pipeline of Ongoing Residual Income in the New Economy PDF

125 Pages·2001·4.5187 MB·other
by  Hedges, Burke
#Literary Collections
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by Hedges, Burke| 2001| 125 pages| 4.5187| other

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About The Parable of the Pipeline: How Anyone Can Build a Pipeline of Ongoing Residual Income in the New Economy

<p><span>One hundred years ago, it was virtually impossible for the average person to become a millionaire. Take a look at these lifestyle statistics at the turn of the 20th century.</span></p> <p><span>&nbsp;</span></p> <p><span>In 1900, the average wage in this country was 22¢ an hour. The average worker earned between <span>$200 </span>and $400 a year, well below the poverty line at the time. Only 6% of all Americans had<span>&nbsp; </span>graduated from high school. Life expectancy was 47<span>&nbsp; </span>years old. Only 14% of the homes had a bathtub. There were 8,000 cars in the United States and only <span>144 </span>miles of paved roads. Until<span> </span>WWI,</span></p> <p><span>&nbsp;</span></p> <p><span>the average American family spent 80% of their income on the basic necessities <span>of </span>food, shelter, and clothing.</span></p> <p><span>&nbsp;</span></p> <p><span>In a word, 100 years ago, there were basically two economic classes: The rich.<span>&nbsp; </span>And the rest.<span>&nbsp; </span><span>Only</span><span> </span>one in 10 families was upper class or middle class. Which means that in 1900, 90% of the people in<span> </span><span>the</span></span></p> <p><span>U.S. would have been classified as poor.</span></p>

Detailed Information

Author:Hedges, Burke
Publication Year:2001
ISBN:9781891279058
Pages:125
Language:other
File Size:4.5187
Format:PDF
Price:FREE
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