The great bulk of their income is turned at once into consumption goods.
An income of consumption goods is a part of wealth, but not the whole of it.
Most consumption goods are used to gratify a wish of the moment.
And there are people, particularly jewelers, who often want money as a raw material for consumption goods.
The personal value of money is directly influenced and measured only in exchanges for consumption goods.
Ultimately, in general, economic values come from the "primary values" or "first order" values of consumption goods and services.
Consumption goods are those things which are immediately at the point of gratifying man's desires.
Demand for consumption goods is thus the manifestation of the man's desire to redistribute his enjoyments.
But many things existing which could be used to secure a gratification are not in fact treated as consumption goods.
The only essential and immediate conditions of a series of gratifications is a regular series of consumption goods.