The Waterbury Democrat., 1940-09-07
Nations s Real Income
 Shows Half Year Gain
Wages, Salaries, Other Income for July Rose Over Preceding Month and Year-Cash Income Up l3
 Cents on DOllar-Living Expenses Up Cents
Special to The Waterbury Democrat


 Minneapolis, September commodities and services tha despite the war, and an ir power during July, gave MT. real income of $1.O9 on Augui CT on the dollar than on the cording to a monthly study States get and spend, made l Syndicate.
 The publics' cash income at the start of August was thirteen cents more on the dollar than on August 1, 1889, but their cash outgo, or liv- ing costs, rose only two cents on the dollar over the same date a year earlier.
 WAGES UP 15 CENTS
 SALARIES UP 2
 "The wage envelope dated August 1, 1940 contained $1.15 compared with $1 on the same day in 1939," explains Investors Syndicate's con- sumner study. Wages during the first half of 1940 were $1.14 com- pared with $1 in the same 1889 per- iod. The January l, 1940 wage en- velope contained $1.18 compared with $1 on the same day in 1939. The July l, 1940 wage envelope had in 1t $1.13 compared with $1 on the like day a year earlier.
 ''The salary check August 1, 1940, was SLOT compared with $1 on the same day of the preceding year. Colo WIT oIoooLs J,,riY.r fLa Hrcf IoIf of 1940 were for $1.06, compared with $1 for the corresponding period of 1899. The July 1, 194O, salary check was for $l.06 compared with $1 year before.
 Other income, which includes cash resurns from farm crops and animals, royalties and businesses, on August l, 1940, was $1.19, which contrasts with $1 on the same 1899 date. This item averaged $1.13 for the first half of 1940 against $1 dur in the first six months of 1889. Other income during June, 1940, was $1.06 against $1 a year earlier On January 1, 1940,. 1t was SPA as against $1 on the same 1889 date. INVESTMENT INCOME
 DECLINES IN MONTH
 Investment income during July, 1940, was $1.14 against $1 in the same July, 1889, month. Dividend and interest disbursements during the first half of 1940 were at the rate of $121 against $1 in the correspond ing 1889 period. Investment income in June was $1.15 in contrast with $1 iB June, 1889. In January, 1940, investment income payments were at the rate of SPA for each $1 so paid in January, 1889.
 Food, the largest single outgo item from the average family purse, like the other major living expenses showed steadinesS in July when com- pared with June of this year, but was higher when contrasted with July, 1899.
 "The same amount and quantity of food that could be bought for $1 on August 1, 1889, cost $1.05 on August l, 1940. Food costs in the first six months of last year aver aged $1 against $1.02 for the cor responding period of 1940. Earlier this year food was lower than a year before. In January, 1940, for exam pie, food cost only 98 cents that cost S1 in the like 1889 month. Food in June. 1940, stood at $1.05 against $1 for the same month during 1889. RENTS SHOWED
 STABILITY
 Rents during July likewise showed a stability not exhibited month earlier when they recorded their first change in nearly a year. Whether the publics live in coun- try cottage or a Streamlined city apartment their rent during July. cost them $101 compared with $1 in July, 1889. Rents for the first half of 1940 averaged unchanged from the corresponding 1889 period. Rents during June, 1940, were $1.01 against $l in June, 1889.
 All types of wearing apparel in July, 194O, averaged $102 against $1 in the like 1889 month. Clothing in the first half of 1940 was $1.01 com- pared with $1 in the like period of 1889. During June Clothing was $1 02 compared with $1 in June 0ar ago.
 Miscellaneous items, like slaves and shampoos, circuses and carnivals, fishing tackle and golf clubs, on August 1, 194O. cost $102 compared with $1 twelve months before. Such items averaged $1.03 in the first six months of this year compared with $1 in the same 1889 period. On July l, 1940, miscellaneous items were $1o2 against $1 on the same 1889 date"
 WHAT REAL INCOME"
 ACTUALLY MEANS
 MT. and Mrs. Public, in this study, receive income from wages, salaries, investments, and other sources in proportion to the national distribu- tion of such payments. Their living expenditures likewise are those of average householders. Their real income" or purchasing power, is their actual ability to buy regularly needed goods and services.
 Real income is not a mere sub traction of cash income from cash outgo, which would be an index of savings rather than real income" !" but an average relative figure of in- come and outgo designed to show how the cost of living affects the adjusted dollar income.
 pT ANS ANN0TINcED