The Parable of the Pipeline: How Anyone Can Build a Pipeline of Ongoing Residual Income in the New Economy PDF
Preview The Parable of the Pipeline: How Anyone Can Build a Pipeline of Ongoing Residual Income in the New Economy
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.
The list of books you might like
