CLIPBOARD : The Struggle for the Legal Tender

The aggregate personal income of county residents has risen steadily during the last five years, and reached $60.9 million in 1990. That figure is an 8% increase from the year before and 42% during the five-year period.

Most of our income (56% last year), of course, we get the old-fashioned way--from wages and salaries. A substantial amount, however, 22%, is derived from investment property. And 10% comes from the profits of businesses.

Here’s the comparison and trend during the last five years.

Proprie- torship Net Wage and and Other Property Transfer Residence Salary Inc. Income * Payments ** Adjustment 1990 $34,226,265 $6,204,083 $13,204,116 $1,882,296 $5,413,255 1989 31,941,636 6,748,144 10,750,943 2,085,650 5,062,532 1988 27,912,038 5,299,408 10,259,207 1,938,144 4,625,085 1987 25,910,305 5,683,215 8,397,777 2,123,048 4,218,052 1986 23,903,120 5,796,353 6,978,745 2,250,445 3,955,461

Total Personal Income 1990 $60,930,015 1989 56,588,905 1988 50,033,882 1987 46,332,397 1986 42,884,124

* Net transfer payments refer to government payments to individuals, such as food stamps, AFDC (welfare), unemployment, Social Security, etc.

** Residence adjustments involve those who work in one county and live in another; income is factored out of the county where an individual works and counted in the county of residence.

Source: The Chapman College Economic & Business Review; California Department of Finance