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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 22, 1974
Page
7
AP analysis notes Consumer hardship as prices rise and savings fall. Dent argues economy improving while others warn of recession risks. Delinquencies rise, mortgages hard to obtain, wage gains fail to offset higher costs. Public cynicism grows. belief in government action wanes.
Ford Motor Co expects an average 8 percent price rise on 1975 model cars and trucks when sales begin this fall. Increases could boost costs by $200 to $800 per vehicle, with an average around $420, affecting models from the Pinto to the Lincoln Continental. Prices reflect rising costs and pricing pressures across automakers.
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