Word: prices
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...face an economic credibility problem, though not of the sort that it has been talking about. Nixon men have said that they are having trouble convincing business, labor and consumers that the Government will stick to its prescribed anti-inflation policy long enough to cut the rate of price increases substantially...
...between April 1964 and November 1966-creates 1,042,000 full-time jobs for poor people who otherwise would be working only part-time or not at all. As for the non-working poor, Hollister and Palmer found that welfare benefits have generally risen faster than prices. The average monthly check in the program to aid families with dependent children rose 18% during the two years that ended last June. Meanwhile, the consumer price index went...
...burden of inflation, President Nixon has often said, falls heavily upon the poor, "who are largely defenseless" against price increases on the necessities of life. That view is seldom questioned by politicians, but a growing coterie of economists has lately come to regard it as a misleading oversimplification. Affluent America knows surprisingly little about precisely how inflation affects the poor. What information is available, though, suggests to some experts that inflation-or at least some of the conditions that contribute to it-actually helps many of the poor more than price boosts hurt them...
...Poor Price Index. Actually, price increases are less painful for the poor than for the middle class and wealthy, the two analysts maintain. They have rejiggered the figures in the Government's consumer price index, which is largely based on middle-class spending patterns, to construct a "poor price index"; it gives more weight to increases in food and rent expenses, less importance to rises in clothing, transportation, medical and education costs. Between 1965 and 1967, the last year for which they calculated the poor price index, it rose 5.1%, compared with a 5.8% increase...
There is no guarantee that welfare benefits will continue to outpace price inflation. The inflation-squeezed middle class is raising an increasing clamor about the cost of welfare, and many politicians are listening. In New York City, welfare benefits were cut back by the state legislature an average of 8.5% in July. One welfare rights organization figures that a typical welfare recipient now has only 66? a day to spend on food; in Harlem, it costs almost that much to buy a quart of milk and a loaf of bread...