OCR Text |
Show Sixty Billion Dollars Is Yearly Pay Check of , American Workers By WILLIAM E. KNOX, President Bowery Savings Bank. Forty-four million people, two-fifths of our population, are gainfully employed in the United States, earning more than $60,000,000,000 annually. an-nually. The management of the expenditure of this $60,000,000,000 annual pay check is the biggest and most important business in America. It has been estimated that upward of $10,000,000,000 of this personal income is wasted annually. More than $1,000,000,000, it is estimated, disappears in foolish speculation in fake schemes. When public education educa-tion teaches students to manage their personal affairs prudently and gives them an understanding of the value and proper use of money, when employers em-ployers require that every person in their employ learn to save as well as earn, and when banks recognize their full responsibility as the social economists and personal finance advisers of their communities when these things prevail, then we will attack economic folly at the source. |