Herald and news., May 22, 1963, Page 26, Image 26

U.S. Standard Of Living Expected To Increase 100 Per Cent During Next 40 Years
WASHINGTON UPI -Current
and past economic trends in
dicate the average U. S. consum
er's standard of living should rise
by about 100 per cent during the
next 40 years.
By the year 2000, the average
breadwinner will be bringing
home a pay check ranging from
$10,000 to $12,000 per year, nearlyj
double the present figure, accord
ing to a study.
Mr. Averaga Consumer also is
expected to be rpjnding more of
it on the so-called luxuries or at
least what we classify as luxuries
today.
These forecjsts are all part of
a voluminous report by Re
sources for the F u 1 0 r e Inc
(RFF) a foundation which
spent five years studying past
economic history to get a clue of
what life would be, like in the
year 2000.
The report said the present
$5,0OO-a-year average salary
would shoot up to $7,500 in 20
years, and then hit at least $10,000
by the year 2000.
Generally, forecasters base this
on the belief that the U. S
economy will discover more effi
cient ways of doing tilings at less
cost in the years ahead.
They expect the value of goods
and services produced to rise fas
ter than the population, in effect
giving each worker a larger
share of this total national in
come.
"This means," the report said,
"that the typical household will
be able to afford a standard of
living by 1980 enjoyed now by
only the highest 20 per cent and,
by the end of the century, will be
at levels now considered quite
well-to-do."
RFF researchers pointed out
that in recent years the consum
er is spending less of his income
for day-to-day necessities such as
food, shelter and clothing. This is
a natural result of fast-rising in
comes.
The reason is that each person
can just cat so much food and
wear only a certain a m o u n t of
clothing. As his income rises, he
begins using a larger portion for
items normally not considered can't use it to cat five times as
necessities. much food but he can buy him-
As one economist put it: "When self five television sets."
a man makes more money, he Economists do not expect this
PAGE 10-C
HERALD AND NEWS, Klamath Falls, Ore.
Wednesday, May 22, 19C3
rising tide of consumer expendi
tures in the next 40 years to re
sult in an era where there is a
television in every room.
More likely it will take some
more conventional channel such
as a big increase in tuo- and
three-car families and more fam
ilies with two hemes.
The report said personal con
sumption expenditures have been
rising at a l's per cent annual
clip for each person for the past
30 years.
It said this figure should be
stepped up to about 2 per cent
by the end of the century.
"What this 2 per cent growth
rate means for the average con
sumer is an increase in standard
of living of almost 50 per cent in
the next 50 ye.irs, and more than
doubling by the end of the cen
tury." the report stated,
TUa RVP clnrlv Kairi tnnA ninth.
inn nA chollnr uill kl! 11 hnA inn
priority in the family budget but
will be taking a progressively
smaller bite during t h e years
mean.
NO HERO HE
POMONA. Calif. (UPH-A 30-
year-old father who was hailed as
a hero for saving his live children
from a fire last Jan. 6 was sen
tenced Monday to 1 to 10 years
in prison for deliberately setting
the fire.
. William Carrell later told offi
cers ho started the firo in his
home to "shock my wife into re
alizing site was neglecting our
children.
hr'ft nothing
Ilk. a Laloa
th ivcomponblt
LKICA MS
tta ultima in iSm
Leica't
at Leo's
tort at
$183
ce thorn!
LEO'S c$HMoE?A
(36 Main ,
Ph. 2-3331
I
LADIES
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t
and for
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Attend the
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Hour
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o
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t
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Skips go feminine in such
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2
66
JM j
BOYS'WASH-WEAR
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3
33
RIOULAR J.tl
Hurry to Wards for the
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TO
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TRIM-TAILORED
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Timed for the hot
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Assortment also in
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SAVINGS FOR BABY , REMARKABLE VALUE
O-PC BUNK SET
SAVE OVER MO! RICH MAPLE FINISH
Space saver for small bed
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99
TV
REG. 2.98 BOYS'
AND GIRLS'
TOPPER SETS
2a
Small fry sets in two
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Other styles included.
In sizes from 7 to 14.
.. '.:::J
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STYLE HOUSE COMFORT, DAY 'N' NIGHT
Visitors coming? There's a .
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Nylon frieze upholstery.
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$
199
NO MONIT DOWN
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RUSTIC REDWOOD
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SAVE OVER 4 ON 70" BARBECUE SET
Cut from 2" slock, has
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26
CHAISE, 3.07 OFF!
5-POSITION BACK, INNERSPRINGS
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Lovely chaise is a bright
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QUO
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It's a hreoze to pitch and take down!
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&44
V
IUDOET CAR CUSHION
low, pra-hotiday prk to
make mmmtr driving mor
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MEN'S SWIM TRUNKS
Regular 2.98 itlnnd print
cotton boiri. All fully
lirwd, qukk-dryingl Si:
S, M, L XL 2.44
' OF MEN'S SOCKS
Rugulor 3 lot 1.69 oh,
obtorbffnt (ononl Cuthiofl
tolas, ttay.up topi. Sxti
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makt Cttro totmg at ptc
me tablt or jnoctt fob'
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5.95 WEB CHAIR
Dvrcibt plattic webbing,
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Gretn and whttt. . 4.44
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7 in. dttp, mad of htavy
gauge vinyl 1.66
TSM
SAIE1 COTTON TIERS
Woihablt, drlp-drif ti.il
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34-qt. genuin. poly light
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tree. Uit at woitbaikt,
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9th & PINE
STORE OPEN FRIDAY NIGHT 9 P.M.
PHONE TU 4-3188
J