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Inflation and earnings show 1939 purchasing power gap
A study by the National Industrial Conference Board reports that after taxes and inflation a Andrews County family with current income would have only about 6 994 in net income, while 1939 equivalents required far less. The report finds dollars buy far less now, with a 19 600 current purchasing power for a typical 1939 19 600 adjusted income level and shows required modern levels rising with income.
MENTIONED IN THIS ARTICLE
Andrews County
Standard Rate and Data Service
Conference Board
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