Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.

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The clipping this text was read from
The clipping this text was read from

for example, there were 9,121,000 elderly people in the United States, equal to 7 percent of the population. There are now more than double that many, about 19 million. Their income has been rising, also, but not as rapidly as they would like. As of last year, the median income of elderly familieswas $3,460 [which was $1,000 above the 11955 level. Their combined purchasing power, as a result, exceeded $40 billion, and nearly all of it was spent. It made them an attractive market. More steps are being taken by manufacturers and merchants, under the circum [stances, to cater to their special needs and tastes. Retail sales attributed to Rappahannock County’s over 65 population, based upon their estimated share of the total local volume, amounted to a healthy $340,000 in the year. A further improvement in their economic position is e* pected soon, through an increase in their social seci* rity benefits. Under an Administration proposal, now before Congress, the increases would range from a minimum of 15 percent to a maximum of 59 percent.

90.7%