5 Questions
During the 1950s, what was the average cost of a new car in the United States?
$2,000
What was the median household income in the United States during the 1950s?
$2,900
Why didn't people pay off their homes quickly during the 1950s?
Low interest rates
What percentage of the average household income did an average house cost in the 1950s?
Around 75%
What caused people to move out of the cities and into the suburbs during the 1950s?
Lower cost of living
Study Notes
1950s Economy and Housing
- Average cost of a new car in the United States during the 1950s: around $1,500 - $3,000
Household Income and Housing
- Median household income in the United States during the 1950s: around $3,300 - $4,300 per year
- Reason for not paying off homes quickly during the 1950s: low income and high mortgage payments
- Average house cost in the 1950s: around 2-3 times the median household income
Suburbanization
- Cause of people moving out of cities and into suburbs during the 1950s: pursuit of better living conditions, and the development of highways and low-cost housing
"1950s Suburban Living: Test Your Knowledge of the Post-War Housing Boom" Description: Explore the rise of suburban living in the 1950s as people moved out of cities and into the suburbs. Test your knowledge on the median home prices, household incomes, and the societal factors that contributed to this significant shift in American lifestyle.
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