FISCAL: Path of Progress

In 1929, a man who earned $5,267 a year could figure on clearing enough to retire after 25 years with a cozy $3,000 a year from investments. To retire on a comparable income today, the McGraw-Hill Publishing Co. noted sadly last week, an American needs an income of $13,221. Only one out of a hundred families are that well fixed. In 1947, an American, like the Red Queen, has to run faster & faster to stay where he was in 1929.

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