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

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One hundred years ago, it was virtually impossible for the averageperson to become a millionaire. Take a look at these lifestyle statistics atthe turn of the 20th century.In 1900, the average wage in this country was 22¢ an hour. Theaverage worker earned between$200and$400 a year, well below the poverty line at the time. Only 6% of all Americanshadgraduated from high school. Lifeexpectancy was 47years old. Only 14% ofthe homes had a bathtub. There were 8,000 cars in the United States and only144miles of paved roads. UntilWWI,the average American family spent 80% of their incomeon the basic necessitiesoffood,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 ormiddle class. Which means that in 1900, 90% of the people intheU.S. would have been classified as poor.
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Data sheet
- Name of the Author
- Burke
Hedges - Language
- English
- ISBN
- 9781891279058
- Release date
- 2001