Commerce Secretary Jesse Jones reported last week that Americans made more money last June than in any previous month in history. The total income paid to individuals in June was $13,496,000,000. This was 10% more than either the June 1943 or the May 1944 income.
The big jump between May and June was caused partly by heavy mid-year payments of interest and dividends. Federal interest payments, up 20% over last year, and higher transportation-industry pay rolls together accounted for one-fifth of the rise over June 1943. But the biggest factor (two-fifths of the 10% increase) was the continued...
To continue reading:
or
Log-In
