Friday, Jun. 30, 1961
Boola Moola
The Yale class of '36, as Author John Hersey (Yale '36) puts it, suffers a collectively recurrent malady: "galluping marquanditis, the urge to categorize, to poll, to sort men into various labeled lumps of humanity." Every five years, in a sort of gallup poll, the men of Yale '36 sort themselves to find out how they are doing. The latest answer: very well.
Replying to a questionnaire mailed to 782 sons of Old Eli.* 636 college chums reported that although they were graduated during the Depression and soon after that were mostly drafted, their current average annual income was $50,536. Of this amount, $24,500 was salary. Other personal income from investments and other sources was $13,300. Wives' salaries averaged $736, and income from wives' investments $12,000.
Other moola moola: total income, $39.5 million; family savings, $150,000 (one alumnus reported savings of $14 million); total family savings, $82,770,000; average value of homes, $50,586; total value of homes, $26,250,000.
*Among them Columnists Stewart Alsop and John Crosby, steamship-banking-airline Tycoon J. Peter Grace Jr., Princeton Dean J. Merrill Knapp, M.I.T. Professor Walt Rostow (now a White House adviser).
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