Standard of Living

• 1926 unemployment at 2 million.

  1928 unemployment at 1.3 million
• Insurance Act of 1927 provided support to workers that fell sick or lost their jobs
• wages and working conditions improved
• average working hours a week fell from 50 in 1925 to 46 in 1927
• wages rose by 25% from 1925-28
• 1925-29

  • private companies built 37,000 new homes
  • business associations built 64,000 houses
• 1920 Reich Pension Law - pension paid to

  • 750,000 war veterens
  • 400,000 war widows
  • 200,000 parents of dead servicemen
• number of students in higher education risen to 110,000 by 1928