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It projects a future shortage of engineers based on Bureau of Labor Statistics estimates for 1960–1970, describes why engineering needs may intensify while graduations lag, and notes a comparatively less acute scientists’ gap. It also discusses the share of the U.S. population with adult experience during war or economic crises, and summarizes a consumer balance sheet as of September 30, 1963, including assets, liabilities, and net worth.",{"@graph":69,"@context":122},[70,84,105],{"@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/future-shortage-of-engineers-finance-facts-january-1964/322421/",{"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/future-shortage-of-engineers-finance-facts-january-1964/322421.png","ImageObject",300,407,{"name":92,"@type":93},"Aurora","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-29","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":52},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What time period and source does the report use for projecting the engineers shortage?","Question",{"text":112,"@type":113},"It projects that fewer than 765,000 newly trained scientists and engineers will become available to fill more than 1,000,000 openings between 1960 and 1970, based on Bureau of Labor Statistics estimates.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How does the report compare the severity of engineer shortages versus scientist shortages?",{"text":117,"@type":113},"It states that the shortage of engineering personnel is expected to be particularly severe in the mid-1960s, while the deficiency of scientists is generally less acute, with the engineer shortage expected to be less severe by the end of 1960s.",{"name":119,"@type":110,"acceptedAnswer":120},"What do the report’s consumer balance sheet figures show for September 30, 1963?",{"text":121,"@type":113},"They show an asset-to-debt ratio of 21.3 to 1 (excluding homeownership items) and an owner’s equity share of 87.3% of consumer assets; total assets were $1,865 billion with total liabilities of $237 billion and net worth of $1,628 billion.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},322421,1790160473,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":52,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":19,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":52,"preview_page_count":4},4810365810221,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","NATIONAL CONSUMERFINANCE ASSOCIATIONEducational Sertices Dirision  \nWashington.D.C20036A Monthly Publication  \n# FUTURE SHORTAGE OF ENGINEERS\n\nFewer than 765,000 newly trained scientists and engineers will be-come available to fill more than 1,000,000 openings for such personnelbetween 1960 and 1970 according to Bureau of Labor Statistics esti-mate.Shortage of engineering personnel is expected to be partic-ularly severe during mid-1960's,when increased needs of U.S.spaceprogram and growing economy occur at same time number of engi-neering graduations is expected to be at lowest point in many years.Deficiency of scientists generally is less acute and by end of 1960sshortage of engineers should be less severe.  \nGrowth in requirements for engineers and scientists is expected torise from 1,157,000 employed in 1960 to a projected 1,954,000 in1970-an increase of 69%.Manufacturing,where by far the largestnumber of scientists and engineers are employed,is expected to needabout 73%more in 1970 than in 1960;colleges and universities about93%more.Requirements of govemment are expected to increase lessthan average-about 42%.  \n# EXPERIENCE WITH WAR OR ECONOMIC CRISIS\n\nLess than half of present U.S.population has had adult experiencewith war or economic crisis.  \nSome 53%of present-day population were either not bomn or wereunder 21 years of age on July 27,1953 when Korean War ended and63%on August 14,1945 when World War II ended.  \nSome 68%were either not born or less than 21 years of age in August1941 when 5.5 million or nearly 10%of the 57.5 million persons in thelabor force were unemployed.The 1929 stock market crash occurredbefore 82%of our present population had attained adulthood.  \n# CONSUMER BALANCE SHEET\n\nAsset and debt position of American consumer as of September 30,1963 showed 21.3 to 1 asset-to-debt ratio of all assets and debts ex-cluding those involving homeownership where ratio was 2.6 to 1.Ratio of all assets to debts was 7.9 to 1.Owner's equity stood at 87.3%of consumer assets on September 30,1963.  \nCurrent assets were $1,176 billion with $220 billion in currency anddemand deposits,$94 billion in savings shares,$259 billion in in-  \nFINANCE FACTS  \nJANUARY 1964  \nEMPLOYMENT OF SCIENTISTS ANDENGINEERS.BY INDUSTRY,1960-1970[IN THOUSANDS]U.S.POPULATION HAVINGNO ADULT*EXPERIENCEWITH WAR OR ECONOMIC CRISIS  \n# SELECTED COMPONENTSOF PERSONAL INCOME\n\nsurance and pensions,$104 billion in government securities and $499billion in corporate and other securities.NCFA's estimate of thevalue of investment company and other preferred and common sharesowned by consumers at end June reflects a 4%rise in stock pricesduring third quarter 1963,as well as net sales by consumers of $0.2billion as reported by the Securities and Exchange Commission.  \nFixed assets included $450 billion in homeownership and $239 billionas value of durable goods for a total of $689 billion.(Value of con-sumer held durable goods is total consumer durable purchases Octo-ber 1953 through September 1963 depreciated 10%annually.)Totalconsumer assets as of September 30,1963 were at $1,865 billion.Cur-rent liabilities stood at $66 billion and fixed liabilities of mortgagedebt at $171 billion to bring total liabilities to $237 billion.  \nNet worth of American consumer-total assets minus liabilities-was  \n$1,628 billion at end September 1963.  \n# PERSONAL INCOME\n\nPersonal income in November was at a seasonally adjusted annual rateof $472.8 billion,$1.6 billion higher than in October.  \nApproximately one-third of the November rise came from increases in  \nwage and salary disbursements,one-third from dividend and interest  \nincome,and one-third from transfer payments.  \nThe payroll advance was concentrated in the service industries andin State and local government as employment in these areas continuedto expand.Other nonmanufacturing payrolls showed little change.  \nTransfer payments,at an annual rate of $37.8 billion,were $0.5 billionhigher than in October.About three-fi","cbCaicwiqzpaoC7x","https://ap.wps.com/l/cbCaicwiqzpaoC7x","pdf",1313873,"English","# FUTURE SHORTAGE OF ENGINEERS\n# EXPERIENCE WITH WAR OR ECONOMIC CRISIS\n# CONSUMER BALANCE SHEET\n# SELECTED COMPONENTSOF PERSONAL INCOME\n# PERSONAL INCOME\n# BUSINESS ACTIVITY","[{\"question\":\"What time period and source does the report use for projecting the engineers shortage?\",\"answer\":\"It projects that fewer than 765,000 newly trained scientists and engineers will become available to fill more than 1,000,000 openings between 1960 and 1970, based on Bureau of Labor Statistics estimates.\"},{\"question\":\"How does the report compare the severity of engineer shortages versus scientist shortages?\",\"answer\":\"It states that the shortage of engineering personnel is expected to be particularly severe in the mid-1960s, while the deficiency of scientists is generally less acute, with the engineer shortage expected to be less severe by the end of 1960s.\"},{\"question\":\"What do the report’s consumer balance sheet figures show for September 30, 1963?\",\"answer\":\"They show an asset-to-debt ratio of 21.3 to 1 (excluding homeownership items) and an owner’s equity share of 87.3% of consumer assets; total assets were $1,865 billion with total liabilities of $237 billion and net worth of $1,628 billion.\"}]","FUTURE SHORTAGE OF ENGINEERS - Finance Facts - January 1964 | PDF",1789962676]