Man, it would have to be more than slightly better off, IMO. My grandfather died in about 1950. He inherited the farm and never had a mortgage. He was very well set, having a trade he practiced when farm chores allowed, and a hatchery business as well. He farmed with horses, so machinery costs were limited. He left three guns: Remington shotgun, Winchester deer rifle, and a Winchester slide .22.
The Matchlock Gun, by Walter Edminds won the Newberry Award for children's literature in 1942. In the story, the father had to leave for muster when skulking malcontents had been seen about. Since he had to take his rifle gun, he left mother, son, and baby with an old Spanish matchlock for defense. Never was completely HC, but fun if your library has it.
I'm a'thinkin' most folks had one firearm mostly. Which has nothing whatsoever to do with how folks carried bag and horn, eh?