What's Happening To National Income

The figures illustrated by this chart were released by the Commerce Department last week to prove one cheerful point: so far the U.S. has had only a dribble of inflation. Main reason is that during April, May and June U.S. citizens wisely socked away most of their increased income, piled up new savings at the rate of $25 billion a year v. only $11 billion in 1941. Trouble is, Americans are buying only $8 billion in war bonds a year, hence by year's end will have $17 billion in cash to squander.

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