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Consumers Fuel Long Term Upturn in 1962 Spending
Sylvia Porter notes Americans have entered a sustained fourth postwar buying boom, with strong auto and durable goods demand. Rising personal incomes, high savings, lower installment debt, and steady prices support robust 1962 growth, while past postwar years show durable goods surges of 23.5, 22.3, and 16.8 percent following recessions. Charlotte Amalie note: former Saint Thomas name for Virgin Islands capital.
MENTIONED IN THIS ARTICLE
America
J. Roger Wallace
New York Journal of Commerce
The
Hall Syndicate, Inc