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...year surge of $34 billion to an estimated level of $675 billion. Unemployment has practically reached such a rock bottom-at 4.1%, it is the lowest in more than eight years. The great American middle class, which constitutes about three-quarters of the nation, has never been more affluent or spent more freely...

Author: /time Magazine | Title: The Presidency: Change in the Scenery | 1/14/1966 | See Source »

...excise-tax reduction). The other is a rise in prices-generally about 3% -that will be most noticeable on such items as jewelry, furs and leather goods; last week higher costs of goods and services pushed the consumer price index to a new high of 110.6. With consumers both affluent and confident, even these rises are likely to be offset by another phenomenon of the consumption economy: greater credit spending. Installment credit has risen to $66.8 billion, but consumers are paying their bills promptly, thereby making credit a push for the economy instead of a peril...

Author: /time Magazine | Title: Retailing: More for More | 1/7/1966 | See Source »

...boards have tightened deferments without trying to establish either precedents or principles. Boards in southern states, for example, have already drafted substantial numbers of full-time students, while in other regions -- the Midwestern and Middle Atlantic states -- there is no indication that boards will take undergraduates. In affluent districts which send large numbers of their young men to college (and in farm districts where many registrants are draft-exempt agricultural employees) boards have been extremely hard-pressed to find eligible non-students. Some boards have inducted graduates and undergraduates who have taken a year's leave of absence, and others...

Author: NO WRITER ATTRIBUTED | Title: Making the Draft Work | 1/4/1966 | See Source »

...newer readers, there are some fairly clear patterns. A full 80% of our U.S. circulation growth in recent years has been in the urbs, suburbs and exurbs of the East, the industrial Midwest and the Pacific Southwest. These new readers tend to be managerial and professional people, relatively affluent, and getting a little younger. A decade ago, more than half of TIME household heads were managers and professionals, and today the figure is just about the same: 53%. Over the same ten years, their median annual income has risen from $6,090 to $10,907; their median age has dropped...

Author: /time Magazine | Title: A Letter From The Publisher: Dec. 31, 1965 | 12/31/1965 | See Source »

...barons of organized labor met for their biennial convention-and the tenth anniversary of the A.F.L.-C.I.O. merger-Labor Secretary Willard Wirtz aptly summarized the challenge confronting the unions in the affluent society. Said he: "Never before has the country faced so clearly the choice that it now faces between moving ahead or settling for what we now have, for leaning back, if you will, and patting our stomachs." For all the well-upholstered abdomens in San Francisco's Civic Auditorium, there were signs of change by convention's end last week...

Author: /time Magazine | Title: Labor: Exeunt Kookies | 12/24/1965 | See Source »

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