The study examined the incomes and expenditures of rural teachers, and the relationship of these to such factors as types of school taught at, teacher's age, years of experience, extent of education, and number and types of dependents. Rural teachers in the states of Illinois, Maryland, Oklahoma, Tennessee, Texas, Vermont, and Wisconsin were requested to give data for the period from September 1, 1934 to August 31, 1935. All states included only teachers of white schools, except Tennessee which included white and Negro schools separately, and Maryland which included both white and Negro teachers (the proportion was 5 to 1). Of the 38,768 questionnaires mailed, 5,431 were returned. Statistical data were obtained on the incomes and expenditures of rural teachers, the economic assets and liabilities of rural teachers under varying conditions, and the relationship of the money these teachers had invested in education to the types of schools in which they were employed and to the salaries they received as teachers. Among the findings were: in the smaller schools the salary medians were as low as $600, while in the larger schools of three or more teachers they sometimes exceeded $1,000; experience and tenure were rewarded somewhat by salaries in rural schools; married teachers generally reported greater expenditures than the single teachers; comparisons of expenditures of men and women showed those of the former to be higher; about 67% of all rural teachers reported some assets; and about 20% were in debt. (NQ)