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Financial and Giving Trends & Statistics:
1950's & 2000's
Did you know…
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  Doug
Hagedorn of Financial Foundations Builders reports we
are more prosperous as a nation and individuals than
ever before yet we give less, and are more counseled,
more divorced, and more in debt than any previous
generation.
While prosperity and
blessing abound in our land, personal debt has risen 77%
since the '90's, bankruptcies have skyrocketed (1.66
million annually), and the personal savings rates are
near all-time lows. Americans are now
paying more in credit card interest payments per year
($1000), than they are giving per year ($754).
We are more prosperous as a nation than ever:
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1950's*
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2000's*
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Median Family Income
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$ 3,319
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$52,275
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Housing with basic plumbing
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64%
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99%
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Housing with telephone
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78%
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95%
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Average House square footage
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983sf
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2225sf
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Houses with 2 1/2 baths or more
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1%
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53%
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Median Home Price
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$11,000 |
$195,700
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House square footage < than 1200 sq. ft.
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62%
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7%
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House square footage > than 2000 sq. ft.
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< 1%
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52%
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Houses with 2 bedrooms or less
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66%
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12%
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Houses with 4 bedrooms or more
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1% |
34%
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Houses with NO garage or carport
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53%
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12%
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Houses with 2 or more car garage
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< 1%
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81%
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Status Symbols
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Color TV, Disneyland trip, credit card
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Internet, cell phone, flat-screen TV
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Yet, the personal financial trends that are sweeping
our generation are sobering, as the following
statistics reveal:
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1950's* |
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Savings Rate
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12%
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3%
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Bankruptcies/Year
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<100,000
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>1.66 million (2003)
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Government debt
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$257 million
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$7.4 trillion
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Number of Credit Cards per person
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0
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16.7
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Total Credit Card Debt
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0
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$600 billion
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Individual Credit Card Debt
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0 |
$8,367 / person
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Average charitable giving
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6%
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2.6%
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Divorces / year
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385,000
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1,182,000
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*Most statistics noted are
referenced in Doug Hagedorn's book "Ease the Squeeze".
Many of the housing statistics are actually from 1999.
Dough heads up a financial ministry called Financial
Foundation Builders. Used by permission. |
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The link to this page is:
www.MAXIMUMgenerosity.org/church/Financialtrends1950-2000.htm
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