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Newspaper
Chanute Tribune
Location
Chanute, Kansas, United States of America
Date
Sep 21, 1971
Page
6
AP Business analysis notes that common financial rules of thumb often fail major tests. Examples critique mortgage ratios four to five times income life insurance needs savings targets and the six month income emergency fund, arguing real needs vary with debts age and family structure.
The Agriculture Department projects national dairy gross may reach a record 6.8 billion in 1971, up 300 million from 1970. Despite wage price controls, early year cost rises offset gains as ERS notes milk sales up 4.5 percent first seven months, with net income still pressured by rising expenses.
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