Keyword Analysis & Research: 1929

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What was the average gross income in 1929?

The top 20 percent of the population earned 54.4 percent of all income earned in 1929. What percent did the bottom 40 percent earn? 12.5 percent. In 1929, much more did the average family in the top 20 percent earn than the average family in the bottom 40 percent? $5602.

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