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Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
May 05, 1967
Page
5
AP Business Analyst John Cunniff reports that U S household debt nears 400 billion dollars and continues to grow fueled by purchases of homes autos and durable goods. The rising burden could threaten economic stability if incomes fall, with most debt tied to essential purchases and long repayment periods.
Security For You explains Social Security is not affected by inheritances gifts dividends or other pensions. It answers reader questions about income limits when retiring at 65 managing a business and tips reporting for restaurant employers. It also covers eligibility timing and required age proof for checks and health insurance.
An Air Force amphibian rescued seven people from the grounded American schooner Dante Dee in the Paracel Islands south of Da Nang. Six adults and a child were taken from a life raft and flown to Da Nang. One survivor was identified as Tom Kurth. the vessel is owned by Mr and Mrs Thomas Kurth of West Milwaukee Wisconsin.
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