TABLE B-15.-Sources of personal income, 1929–66—Continued

The total of wage and salary disbursements and other labor income differs from compensation of employees in Table B-11 in that it excludes employer contributions for social insurance and excludes the excess of wage accruals over wage disbursements.

2 Excludes income resulting from net reductions of inventories and gives credit in computing income to net additions to inventories during the period.

3 Nonagricultural income is personal income exclusive of net income of unincorporated farm enterprises, farm wages, agricultural net interest, and net dividends paid by agricultural corporations.

NOTE. Data for Alaska and Hawaii included beginning 1960.

Source: Department of Commerce, Office of Business Economics.

Per capita
(dollars)

TABLE B-16.-Total and per capita disposable personal income and personal consumption expenditures, in current and 1958 prices, 1929-66

Year or quarter

Disposable personal income

Total (billions
of dollars)

1 Population of the United States including armed forces abroad. Annual data are for July 1; quarterly data are for middle of period, interpolated from monthly data.

NOTE. Data for Alaska and Hawaii included beginning 1960.

Sources: Department of Commerce (Office of Business Economics and Bureau of the Census) and Council of Economic Advisers.

Table B-17.-Number and money income of families and unrelated individuals, 1947–65

The term "family" refers to a group of two or more persons related by blood, marriage, or adoption and residing together; all such persons are considered members of the same family.

Poverty is defined to include all families with total money income of less than $3,000 in 1965 prices; these are also referred to as poor families. Incidence of poverty is measured by the percent that poor families are of all families.

3 The term "unrelated individuals" refers to persons 14 years of age and over (other than inmates of institutions) who are not living with any relatives.

Poverty is defined to include all unrelated individuals with total money income of less than $1,500 in 1965 prices. Incidence of poverty is measured by the percent that poor unrelated individuals are of all unrelated individuals.

NOTE.-The number of poor and incidence of poverty shown in this table differ from data shown in Chapter 5, Tables 18 and 19. In Chapter 5, poverty is defined by the new Social Security Administration poverty-income standard; it takes into account family size, composition, and place of residence (as well as the amount of money income).

Data for Alaska and Hawaii included beginning 1959.

Source: Department of Commerce, Bureau of the Census.

1 Net exports of goods and services less net transfers to foreigners.

2 Data for corporate profits are approximations for the year as a whole; data for fourth quarter are not available. All other data incorporating or derived from these figures are correspondingly approximate. NOTE. Data for Alaska and Hawaii included beginning 1960.

Source: Department of Commerce, Office of Business Economics.

POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY

TABLE B-19.-Population by age groups: Estimates, 1929–66, and projections, 1970-85 [Thousands of persons]

1 The latest estimate for total population for 1965 is 194,572,000 (as shown in Table B-16), but detail by age groups is not yet available.

2 Two of four series projected by the cohort method and based on different assumptions with regard to completed fertility, which moves gradually toward a level of 3,350 children per 1,000 women for Series A and 2,450 children per 1,000 women for Series D. For further explanation of method of projection and for additional data, see forthcoming Population Estimates, Current Population Reports, Series P-25.

NOTE. Data for armed forces overseas included beginning 1940 and for Alaska and Hawaii beginning 1950. Source: Department of Commerce, Bureau of the Census.