Show Real e Income come Stable Monthly Reports Shew Sho t I PURCHASING POWER I YEAR AGO MONTH AGO TODAY 1 0 tle a ti I I p 0 lt N INVESTORS SYNDICATE SYNC MINNEAPOLIS J July u I 1 y Purchasing Purchasing Pur Pur- chasing power of the average American family is virtually the same today as it was a year ago ol it is revealed by the monthly Investors In Syndicate survey After a 3 sharp decline a n month earlier the thereal thereal real Ureal income index has returned to lo the level of oC a year ago Real income is the relationship of revenue to living living- costs The averages are a bit deceptive deceptive de de- de this month Investors Syndicate Syndicate Syn said because of varying conditions The continuing high level of purchasing power is due largely to the high level of employment employment em em- which evens evens' out declines in revenue suffered by many families families lies which have lost Jost heavy overtime over time and other abnormal sources of income Thus many families have higher real income and many have less making the average an accurate indication only of national national na purchasing purchasing- power It does docs indicate however that a better balance of or income is being being- achieved achieved ach making more families good purchasing purchasing- units Although the increase t in food prices is apparently slowing slowing- down farm income continues to rise and andis andis andis is now for every dollar of in income income income in- in come a year ago This is an in increase increase increase in- in crease of 14 lot cents over a month earlier At the same time in income como from investments has decreased about 2 per cent in the past month While costs of food clothing and shelter have remained level up to passage of the new rent law Jaw there has been a one month decrease decrease de de- de crease of about 6 G per cent in miscellaneous miscellaneous miscellaneous mis costs The economy of the nation continues continues continues con con- to be sound commented E. E E. E Crabb chairman and president of Investors Syndicate and such inflation as exists has not seriously serious serious- ly affected the ability of the people to W bu 12 s 1 in YOn volume lune |