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The National Income and Its Purchasing Power



XIX. General Facts Related To Income This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: The National Income and Its Purchasing Power Volume Author/Editor: Willford Isbell King, assisted by Lillian Epstein Volume Publisher: NBER Volume ISBN: 0-87014-014-0 Volume URL: Publication Date: 1930 Chapter Title: XIX. General Facts Related To Income Chapter Author: Willford Isbell King Chapter URL: Chapter pages in book: (p. 378 - 381) CHAPTER XIX GENERAL FACTS RELATED TO INCOME Place of Residence and Value of Residential Property. Table CXXXII contains figures representing very rough es- timates of the classification of the population of the United States on the basis of whether they do or do not reside on farms, and whether or not they live in their own homes. In this table, there are also estimates of the value of residential property, including TABLE CXXXJI ESTIMATED POPULATION RESIDING IN OWNED AND LEASED HOMES AND THE VALUE OF SUCH HOMES Year Population of United States Not Residing Population of Cities and vii- Value on January 1, of Res- lages Residing idential Property, in Owned Including Land, Occupied byb (Thousands) (Thousands) Owners Tenants(Millions) 1920 1921 1922 1923 1924 1925 1926 1927 . 74,848 76,778 78,772 81,057 84,077 86,216 88,295 90,209 22,088 22,496 22,765 23,182 23,794 24,140 24,458 24,717 $22,642 26,709 28,178 28,559 28,978 29,380 29 599 29339 $32,675 39,212 42,087 42,546 44,805 46,278 47,416 47,874 Derived from figures presented in Table I. b Based upon F. W. Dodge Co. figures of residential construction values. land, occupied by owners and tenants respectively. The figures in the second column of the table show the rapid growth of the urban population which has taken place since 1920. Although, during these 7 years, the urban population increased 20 per cent, these roug

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