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Higher incomes projected for the 1980s rises in living standards
Brookings economist Charles L. Schultze projects real family income to rise by 1400 to 2000 dollars by 1980, boosting living standards 16 to 17 percent above 1973. He cites a 2 to 3 percent annual growth trend since World War II, notes potential college costs outpacing inflation, and warns unemployment could slow gains if it remains above the full employment level.
MENTIONED IN THIS ARTICLE
Washington
Brookings Institution
Charles L. Schultze
U.S
Schultze
Lyndon B Johnson