[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-322078-105":59,"doc-detail-322078-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","finance-facts-a-monthly-pubication-on-consuner-financial-behaoior-november-1970","FINANCE FACTS - A Monthly Pubication on Consuner Financial Behaoior - November 1970","","Finance Facts (November 1970) summarizes key consumer and macroeconomic indicators affecting purchasing power and spending decisions. It compares educational attainment of workers by gender and tracks how postwar technological and social changes increased demand for educated labor. It analyzes how inflation erodes income equivalency across years, illustrates the tax burden for families, and reports food cost changes. It also covers gross national product growth, consumer expectations from survey data, and consumer credit movements in August.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/finance-facts-a-monthly-pubication-on-consuner-financial-behaoior-november-1970/322078/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/finance-facts-a-monthly-pubication-on-consuner-financial-behaoior-november-1970/322078.png","ImageObject",300,407,{"name":92,"@type":93},"Clementine","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-29","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",12,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"How did workers' educational attainment change by gender from 1940 to 1970?","Question",{"text":113,"@type":114},"Educational levels for men and women in the labor force reached equality for the first time in 1970. By 1970, median schooling was 12.4 years for each group, contrasted with 1940 where men were 8.6 years and women 11.0 years.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What income is needed in 1970 to match the purchasing power of a 1949 earner?",{"text":118,"@type":114},"To match purchasing power, a man who earned $5,000 in 1949 would need about 75% more to earn roughly $8,750 in 1970. A $10,000 1949 earner would need about 70% more in 1970.",{"name":120,"@type":111,"acceptedAnswer":121},"What happened to consumer credit in August 1970?",{"text":122,"@type":114},"Employed consumer instalment credit outstanding increased by $232 million in August after seasonal adjustment, down from a $443 million increase in July. Nonauto-motive goods credit and personal loans expanded moderately, while auto credit declined.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},322078,1790108327,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":19,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":52,"preview_page_count":4},1374391974564,"https://ap-avatar.wpscdn.com/avatar/14000253aa45c000a9e?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779874745381141002","Any or all the material in this publication may he quoted or reproduced.  \n# EDUCATIONAL ATTAINMENT OF WORKERS\n\nEducational level of men equaled that of women in labor force for first timein 1970.For each group median level of schooling was 12.4 years.Thisis in sharp contrast to 1940(first year for which figures are available)when median level of schooling for men was 8.6 years and for womenin the labor force 11.0 years.  \nGap between educational atainment of men and women in the labor forcehas been slowly closing since World War II.By 1952,median years ofschooling for working women was 12.0 years but for men was still only  \n10.6 years.Technological evolution of last two decades has led to anincreased demand for more educated workers in all lines of work.In-creasing afluence and changing attitudes made additional educationdesirable and attainable,and contributed to rapid rise in educationalattainment of working men relative to working women.  \nIncreased female participation in labor force continues.Between 1968 and1970,of the 3.9 million net increase in the labor force,57%were womenof whom 1.8 million were married.Historically,the higher educationof women the greater the likelihood for them to seek work.Participa-tion rates for women with less than a high school education haveremained fairly constant,while the rates for those with 12 years ormore of education have consistently increased over the years.  \n# INCOME AND PURCHASING POWER\n\nTo maintain the same purchasing power,a man who earned $5,000 in 1949would now have to earn about 75%again as much.One who earned$10,000 in 1949 would have to earn 70%more.  \nA married couple with two children having $5,000 income in 1949 paid$344 for Federal income and social security taxes leaving $4,656 in-come after taxes.To have the same purchasing power in 1970,thiscouple would need income of $8,728 before taxes.Prices have increasedby 54%so that $2,895 has been lost through infation.The social se-curity tax has been increased from 1%on a maximum of $3,000($30)to 4.8%on a maximum of $7,800($374.40).Combined with the Federalincome tax,the total of these two types of taxes at current rates wouldbe $1,177 this year.  \nTo equal the purchasing power of $10,000 income in 1949,the marriedcouple with two children would need $17,049 in 1970.Federal income  \nFINANCE FACTS  \n# A Monthly Pubication on Consuner Financial Behaoior\n\nNOVEMBER 1970  \nEmployed Persons in MajorThose Who Have CompletedHigh School,1959 and 1970Necessary to Equal 1949  \nFINANCE FACTSNOVEMBER 1970  \nand social security taxes would take $2,635 in 1970,up from $1,112 in1949,and $5,526 must be deducted from 1970 income to take accountof inflation.  \n# COST OF FOOD AT HOME\n\nIt cost 10%to 11%more in June 1970 than it did two years earlier topurchase similar market baskets of food.Estimates of the cost ofstandard items which provide well-balanced meals similar to thosecommonly eaten in the U.S.are prepared quarterly by the Departmentof Agriculture.Costs are based on the Department's estimates ofspecific amounts of each of 11 groups of food and make no allowancefor meals or snacks eaten out.  \nExamples of low-cost plan in June 1970 were $31.10 for food for one weekfor a family of four with school children,and $18.50 for family of twobetween 20 and 35years of age.  \nThe liberal plan for food at home was estimated to cost a family of fourwith children in school $48.50 and for a family of two between 20 and35 years of age $28.70.  \n# GROSS NATIONAL PRODUCT\n\nGross national product,by preliminary estimate,rose $14.1 billion in thebillion.This 1.5%increase was mainly attributable to a price rise.Realoutput-GNP adjusted for price changes-increased 0.4%up from the  \n0.2%rise of the previous quarter.  \nPersonal consumption expenditures rose by $8 billion in third quarter,con-siderably less than $11.3 billion increase recorded in second quarter,and the smallest increase since fourth quarter 1968.Contributing toslower growth were a reduction of $","cbCaigikYG712RkJ","https://ap.wps.com/l/cbCaigikYG712RkJ","pdf",1330874,"English","# EDUCATIONAL ATTAINMENT OF WORKERS\n# INCOME AND PURCHASING POWER\n# COST OF FOOD AT HOME\n# GROSS NATIONAL PRODUCT\n# CONSUMER EXPECTATIONS\n# CONSUMER CREDIT","[{\"question\":\"How did workers' educational attainment change by gender from 1940 to 1970?\",\"answer\":\"Educational levels for men and women in the labor force reached equality for the first time in 1970. By 1970, median schooling was 12.4 years for each group, contrasted with 1940 where men were 8.6 years and women 11.0 years.\"},{\"question\":\"What income is needed in 1970 to match the purchasing power of a 1949 earner?\",\"answer\":\"To match purchasing power, a man who earned $5,000 in 1949 would need about 75% more to earn roughly $8,750 in 1970. A $10,000 1949 earner would need about 70% more in 1970.\"},{\"question\":\"What happened to consumer credit in August 1970?\",\"answer\":\"Employed consumer instalment credit outstanding increased by $232 million in August after seasonal adjustment, down from a $443 million increase in July. Nonauto-motive goods credit and personal loans expanded moderately, while auto credit declined.\"}]","FINANCE FACTS - A Monthly Pubication on Consuner Financial Behaoior - November 1970 | PDF",1789961003]