Average family income in 1950 was $3,300, or $200 higher than in 1949, according to estimates issued today by Roy V. Peel, Director, Bureau of the Census, Department of Commerce. Inasmuch as there was only a slight increase in prices between 1949 and 1950, according to the Consumers' Price Index, the increase in income during this period probably represented a significant increase in purchasing power for the average family. This change indicates for the first time a reversal of the generally downward trend in the purchasing power of the average family since the end of World War II.
Nine million families in the United States received money incomes of $5,000 or more in 1950, and 10 million had incomes under $2,000. The remaining 21 million families were in the $2,000-to-$5,000 range. The distribution by income of the nation's 40 million families (groups of two or more related persons) is shown below:1
Table A.--NUMBER OF FAMILIES, BY FAMILY INCOME, FOR THE UNITED STATES: 1950
|Family Income||Number of Families|
|$1,000 to $1,999||5,200,000|
|$2,000 to $2,999||7,100,000|
|$3,000 to $3,999||8,200,000|
|$4,000 to $4,999||5,400,000|
|$5,000 to $5,999||3,600,000|
|$6,000 to $6,999||2,100,000|
|$7,000 to $9,999||2,300,000|
|$10,000 and over||1,300,000|
1 These figures are derived from the data in table 1 and are rounded to the nearest 100,000.
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