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4 The State of American Finances

A Look Back

How the average American has changed from 1940-2010

Family Size 1940

average family size

3.76 members

Family Income

  • average income for a man

    $956

  • blue wallet
  • average income for a woman

    $592

Housing

average monthly rent

  • $30.83

    in urban locations

  • $18.35

    in rural locations

Debt

personal debt of average American

less than $2,000

Education

  • those 25 and over with a high school degree

    24.5%

  • red academic hat
  • those 25 and over with a college degree

    4.6%

Family Size 2010

average family size

2.59 members

Family Income

  • average income for a man

    $33,276

  • red wallet
  • average income for a woman

    $24,157

Housing

average monthly mortgage

  • $855

  • $1,496

Debt

personal debt of average American

$10,168

(not including real estate debt)

Education

  • those 25 and over with a high school degree

    85.6%

  • blue academic hat
  • those 25 and over with a college degree

    28.2%

Source: U.S. Census Bureau

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