GITNUX MARKETDATA REPORT 2024
Statistics About The Average Income During The Great Depression
The average income during the Great Depression in the United States experienced a significant decline, with estimates showing a drop of around 40% from 1929 to 1933.
Statistic 1
"In 1929, the average income per year was $1,970."
Statistic 2
"The average income dropped by 40% during the Great Depression by 1932."
Statistic 3
"The average annual income for a physician in 1932 was $2,443."
Statistic 4
"The average annual income for all workers (not including farmers) in 1934 was $1,524."
Statistic 5
"In 1936, the average income per year was $1,713."
Statistic 6
"Farmer's average income declined by over 60% by 1932."
Statistic 7
"In the worst year of the Depression (1933), the national median income was just $1,160."
Statistic 8
"By the end of the 1930s, the average income had risen to $1,368 per year."
Statistic 9
"The average annual income of a lawyer in 1938 was $3,411."
Statistic 10
"Household incomes for the top 5% of the population fell by 20% during the Great Depression."
Statistic 11
"During 1932, unemployment earnings caused average family income to drop from $2,300 to $1,500 per year."
Statistic 12
"The mean income for the lowest income families (bottom 20% of all families) in 1936 was $474."
Statistic 13
"In 1939, the average income per year was $1,368."
Statistic 14
"On average, 1 in 4 Americans were unemployed during the Great Depression."
Statistic 15
"By 1937, the Works Progress Administration alone paid out about $3.3 billion in total wages, averaging around $41.57 per worker per month."
Statistic 16
"The average income in 1935 was around $1,609 per year."
Statistic 17
"The average manufacturing wage was 45 cents per hour in 1933."
Statistic 18
"The average hourly wage for building construction workers was 62 cents in 1931."
Statistic 19
"In 1934, the average minimum wage was 25 cents per hour."
