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Income is linked to the age of the household head, with higher shares above $50,000 for those near or beyond midlife. Growth of upper income brackets is tied to multi-paycheck households, with multi-earner participation rising above 75% at the $15,000-and-over level. The issue also reviews consumer and business indicators for 1971–1972, including inflation measures, optimism indices, and employment trends.",{"@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/income-distribution-household-income-and-age-trends-consumer-financial-behavior-indices/321660/",{"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/income-distribution-household-income-and-age-trends-consumer-financial-behavior-indices/321660.png","ImageObject",300,407,{"name":92,"@type":93},"Olivia Brown","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},"How did the number of U.S. households earning over $15,000 change from 1950 to 1970?","Question",{"text":112,"@type":113},"In 1950, fewer than 1.5 million households earned over $15,000, under 3% of all households. By 1970, the number exceeded 12 million and accounted for about one-fifth of the total household population.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What relationship does the document describe between household head age and income levels?",{"text":117,"@type":113},"Income generally increases with the household head’s age until about age 65. At $15,000–$25,000, 23.9% of heads are over 55, while in the $50,000-and-over category the figure is 37.5%, showing income rising with experience.",{"name":119,"@type":110,"acceptedAnswer":120},"How does multi-paycheck employment affect the growth of higher income brackets?",{"text":121,"@type":113},"The document states increasing prevalence of multi-paycheck homes is a major factor. Approximately 55% of households have more than one person in the labor force, but this exceeds 75% for the $15,000-and-over level, with the highest frequency in the $15,000–$25,000-to-$825,000 range before declining at higher brackets.","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},321660,1790013660,{"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},16904993612988,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","# INCOME DISTRIBUTION\n\nNumber of households with annual income exceeding $15,000(in terms oftoday's prices)was less than 1.5 million in 1950,or under 3%of allhouseholds in the United States.In 1970,the number exceeded 12million and accountel for about one-fifth of the total household popu-lation.Over the past ten years total U.S.household population in-creased by about one-ifth,but the number of households in the upperincome brackets nearly tripled.  \nIncome tends to increase with age of household head until about age 65.At the $15,000-$25,000 level,23.9%of all household heads are over 55,but in the $50,000-and-over income category,the comparable figure is  \n37.5%,reflecting the tendency of income to rise with experience.Of allhouseholds with income less than $15,000 a year,27.8%of the heads areunder 35;for those earning over that amount,the ratio is less than 17%.About half of all those in the upper brackets are between 35 and 54,while this age group accounts for only a third of those with lowerearnings.  \nInereasing prevalence of the multi-paycheck home is a major factor in the  \ngrowth of the upper income bracket.Approximately 55%of all house-  \nholds have more than one person in the labor force,but at the $15,000-  \nand-over level the figure exceeds 75%.Frequency of multi-earner homes  \npeaks in the $15,000-825,000 category,drops to about 70%in the  \n$25,000-$50,000 bracket,and to 46%at $50,000 and above.  \nTwo decades ago the economic elite accounted for about one out ofevery ten dollars of total consumer demand.Currently it accounts fortwo out of every five dollars.It is estimated that by 1975 about one-quarter of all households will be in the $15,000-plus bracket,and theywill account for half of total consumer demand.By 1980 a third ofall households and a full three-fifths of total buying power will beaccounted for by the upper earning categories.  \n# RISING COLLEGE COSTS\n\nAverage costs for tuition and room and board rose 46%at public collegesand universities and 66%at private institutions between 1960 and 1970,according to the U.S.Department of Labor.In 1970,costs per yearaveraged $1,198 at public colleges and $2,520 at private schools.  \n# MEASURING THE INFLATION\n\nGreatest relative inflationary impact from prices between 1967 and nowcame from those paid for government purchases.Prices generally in  \n# FINANCE FACTS\n\nA Monthly Publication on Consumer Financial Behavior  \nAny or all the material in thia publioution may be quoted or reproduced.  \nJANUARY 1972  \nAael averege  \nFINANCE FACTS  \nJANUARY 1972  \nSales Optimism Indexper cent of firms expecting salesto decrease.MANUFACruas  \n1970 were at an index of 115.1(1967=100).Index of personal con-sumption expenditure prices in 1970 stood at 113.1 and index of privatefixed investment prices stood at 114.4.Index of prices paid by Federalgovenment in 1970 was up to 122.3 and prices paid by state and localgovernments was up to 121.0.  \nDuring first three quarters 1971,general price index has risen 5.9 pointspersonal consumption expenditure index 5.3 points,Federal govern-ment purchases index 6.0 points,state and local government purchasesindex 9.4 points,and private fixed investment index 7.9 points.Allabove index references are to 1967 index=100 of “implicit price de-fators”which are derived from adjusting gross national product forprice changes.  \n## BUSINESSMEN’S EXPECTATIONS\n\nConfidence in sales and profits outlook for first quarter 1972 declined forsome 1,461 of the nation's businessmen questioned in Dun &Brad-street's latest quarterly survey of Businessmen's Expectations,con-ducted in October.Despite the optimistic forecasts from economistsand government officials,businessmen continue to be cautious in theirview of the near-term prospects for the economy.  \nSales Optimism Index declined slightly to 66 for first quarter 1972,downfrom 68 three months earlier.Manufacturers of durable goods,whoseindex stood at 71,were most optimistic,while the least encouragedwere the maker","cbCaijb0NMysosVQ","https://ap.wps.com/l/cbCaijb0NMysosVQ","pdf",1343688,"English","# INCOME DISTRIBUTION\n## RISING COLLEGE COSTS\n## MEASURING THE INFLATION\n## FINANCE FACTS\n## BUSINESSMEN’S EXPECTATIONS\n## CONSUMER BUYING INDICATORS\n## EMPLOYMENT SITUATION","[{\"question\":\"How did the number of U.S. households earning over $15,000 change from 1950 to 1970?\",\"answer\":\"In 1950, fewer than 1.5 million households earned over $15,000, under 3% of all households. By 1970, the number exceeded 12 million and accounted for about one-fifth of the total household population.\"},{\"question\":\"What relationship does the document describe between household head age and income levels?\",\"answer\":\"Income generally increases with the household head’s age until about age 65. At $15,000–$25,000, 23.9% of heads are over 55, while in the $50,000-and-over category the figure is 37.5%, showing income rising with experience.\"},{\"question\":\"How does multi-paycheck employment affect the growth of higher income brackets?\",\"answer\":\"The document states increasing prevalence of multi-paycheck homes is a major factor. Approximately 55% of households have more than one person in the labor force, but this exceeds 75% for the $15,000-and-over level, with the highest frequency in the $15,000–$25,000-to-$825,000 range before declining at higher brackets.\"}]","INCOME DISTRIBUTION - Household Income and Age Trends - Consumer Financial Behavior Indices | PDF",1789959916]