Word: pensioners
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Dates: during 1950-1959
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...last two decades--expanded social welfare legislation and the mismanagement of the other party's years in office. The campaign blueprints are the same too, although the candidates are both relative newcomers to the top level of state politics. The Democrat must pull the heartstrings with his pension plans and labor benefits, and the Republican has to do the same while covering his committments to the Associated Industries back in Swampscott for Swansea. But whatever their real beliefs, both Furcolo and Whittier must aim their pitches at the bulk of Massachusetts' voters, the second generation Americans who are just emerging...
...year (take-home pay: $121,689), was being received in private audience by Pope Pius XII at Castel Gondolfo, Italy, his big brother LeRoy, 68, a G.M. paint and metal inspector, relaxed in his frame house in Lansing, Mich., happily anticipating his first $63 monthly company pension check after retirement. When kid brother Harlow retires in two years, his pension will come to about $68,000 a year. Said LeRoy: "I wouldn't want his job. Too many headaches. On that job your brain works 24 hours a day, even in your sleep...
...million in all of August. Thus, the September market slump was not so much an urge to sell as a reluctance to buy; the trading was the lowest September level in two years. Most of the selling was by relatively small investors, while the big investors such as pension funds are either sitting tight with their holdings or buying proportionately more bonds...
...cash outlay for public transportation or entertainment decreases. Moreover, while the U.S. citizen in 1956 owes more, he also owns more. Per-capita savings have risen to $1,300 from $330 in 1939. Consumers' assets (including $200 billion worth of stocks, equities in life insurance and pension funds, etc.) are worth $600 billion, more than four times the 1939 level. Unlike 1929, the U.S. investor owes proportionately little ($2 billion) on stocks...
...Capital no longer comes from great personal fortunes but from withheld earnings of corporations, from trust, insurance and pension funds and from publicly issued securities...