Jingling Jeans

The nation's jeans jingled cheerily last year with a near-record $209.8 billion in personal income--just a clink and tinkle below the alltime high of $211.9 billion in 1948. Landlords, merchants, and other unincorporated businessmen made 9.5% less than they had the year before. But pay envelopes ($133.5 billion), dividends and interest payments were even higher. Only the farmers had cause to wonder if there were holes in their pockets: the nation's agricultural income of $18.4 billion was down 20% from 1948's $23.1 billion.

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