High Finance: Millionaires-in-One-Year

The U.S. now has more people whose incomes exceed $1,000,000 a year than at any time since the 1929 stock market crash. So revealed the Internal Revenue Service last week. Its 1960 statistics, the latest compiled, show that 306 Americans had an adjusted gross income of more than $1,000,000 v. 513 in 1929 (and a mere 20 in 1932). The bulk of the wealth is in New York City, which had 87 millionaires-in-one-year; Philadelphia had 59, Chicago 38, and San Francisco and Boston 25 each.


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