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Steady Growth Seen in U.S. Family Incomes, 1961 Analysis
Sylvia Porter reports on Commerce Department data showing median family income near 6900 dollars in 1960 and over 7000 in 1961, with 1.4 million new families entering the 3000-dollar-plus bracket. The piece discusses shifting from a pyramid to a diamond income structure, increased discretionary spending, and signs of growing affluence despite recession.
MENTIONED IN THIS ARTICLE
Sylvia Porter
New York
U. S
Dept. of Commerce