Average income rises to five thousand dollars
A $5000 annual income once marked the successful man now represents the average family income in the United States.
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Newspaper
Choteau Acantha
Location
Choteau, Montana, United States of America
Date
Jan 01, 1959
Page
2
A $5000 annual income once marked the successful man now represents the average family income in the United States.
The Census Bureau final estimates show a 4 percent rise in average family income to about $5,000. About four million families, or one-tenth of all, earned $10,000 plus in 1957. 18 million, or two-fifths, earned $5,000 to $9,999. 62 million, 15 percent, earned under $2,000. the rest fell in the $2,000 to $3,000 range.
The 1958 amendments raise the Social Security tax rate to 2 percent for both employer and employee, effective with 1959 first pay. Benefits rise about seven percent starting January 1959. Self employed tax changes set at 3.3 percent on 1958 incomes and 33 percent on years after 1958, and the wage base increases to 4800 dollars.
The Christmas party of the Happy-Go-Lucky 4-H Club of Power was held on December 14 at Wilma Grossman’s home. The event opened with Christmas carols and games, followed by gift exchange and luncheon hosted by Mrs Bil Grossman, with Lluid Loftsgaarden as reporter.
Harold Wellenstein spent days visiting relatives in Great Falls while Christmas gatherings stretched across Pendroy Sunburst Conrad and Chateau. The J o h n s and Swanson families hosted dinners and warm visits with uncles aunts and cousins. Rudolph delivered holiday cheer to local households.
A long list of holiday visits and dinners across Great Falls Browning Helena Conrad Dupuyer Sunburst and surrounding areas. Families including Hughes Johns Bond Snyder Rose Gutshall Stokes Halverson Field and Thorman share Christmas together with relatives and friends from Augsuta Deer Lodge and Wallace.
Mrs. Floyd Johnson and daughter Joan travel from Kremlin to Cut Bank on Monday to visit their son Bob Campbell employed there. trip noted in the Kremlin column.
Daylong visit mentioned with Mrs. Charles Johns and her sister. Gerald Stokes family joined Mr. and Mrs. Bill Guy for Christmas Day dinner at Dupuyer, highlighting local social routines and celebrations.
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