Japs bombard China airports
Allied bases target for 50 enemy planes
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Axis nationals en route back from America
Group will be exchanged at Lisbon for U.S. citizens, envoys
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Louis Johnson in hospital
New Delhi, India –
Col. Louis A. Johnson, personal envoy of President Roosevelt to India, received hospital treatment today for a nasal infection aggravated by overwork.
Stillwell reorganizes line to continue battle against Japs in northern Burma
By Robert P. Martin, United Press staff writer
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Background of news –
What we spend it on
By Editorial Research Reports
The anti-inflation program being developed by the government is going to change the expenditure habits of most people more radically than the war has yet changed them. High taxes and high prices will squeeze those whose incomes have not risen appreciably or have fallen, and many commodities are going to be unavailable even for those with money to spend on non-essentials (autos, radios, silk stockings, etc.). The question is, on what will people spend less and on what, if anything, will they spend more?
The official government surveys of expenditures in the United States, covering the middle 1930s, bear out what observation indicates, that people vary too widely in their expenditure habits for any general rule to apply.
For one thing, city families in the middle income brackets – say from $1500 to $2400 a year – spend on the average about one-third of their incomes on food, and almost another one-third on housing and household operation. But 30½ million (about 25 percent) of the 132 million people in the United States live on farms, where housing and food are minor problems.
In the whole United States, three out of every seven households own their homes, but the percentage ranges from around 60 percent in Utah and Idaho down to about 30 percent in New York and the District of Columbia.
Studies of the Department of Labor covering cities in the middle 1930s show that even then about 10 percent of all expenditures of families of $3000-or-higher income was spent on transportation, mostly autos. Families living near the breadwinners’ place of business may save money, and use it for other expenses, when they lay up their cars or use them less.
The percentage of city incomes going into food is remarkably constant as the income increases. In the $600 to $1200 income group in the 1930s, 36½ percent of all expenditure was on food; in the $2400-and-higher income group, 31½ percent. But the items of food bought varied sharply. As income increased, more was spent, in order, on cream, grapefruit, fresh peas, lamb chops, pastry, tomatoes, ice cream, chicken, steak. Presumably these are the foods largely economized on as the shoe begins to pinch. (For all incomes, expenditures on food for the home were as follows: Meat, fish, poultry, 24 percent; milk, cream, butter, cheese, fats, 23½ percent; fruits, vegetables, 20 percent; grain products, 15½ percent; eggs, 5½ percent; sugar, sweets, 3¾ percent; others, 7¾ percent).
Of all expenditures by city families in the $600-$1,200 income group, 31½ percent went for housing and household operation; for families with incomes of $3000 and over, only 21½ percent. However, the greatest variation in percentage was in contributions, education, autos, clothing, recreation. As these are the items on which families spend more as income increases, they probably will be the items on which less is spent as income decreases.
In the middle thirties city families in the $3,000 income class spent, on the average, 6¼ percent less than their income.
On the home front –
Draft dodgers face Army after release from jail
Those who preferred short prison term to longer ‘hitch’ in uniform can be arrested again if they fail to sign for Selective Service
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