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4.1
80 reviewsOne 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. UntilWWI,
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. Onlyone in 10 families was upper class or
middle class. Which means that in 1900, 90% of the people inthe
U.S. would have been classified as poor.
