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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Aug 19, 1948
Page
2
The report discusses dissaving as spending beyond income, requiring income or collateral or prior savings. It highlights many savers buying autos furniture radios or appliances, with low income families active buyers of used cars and low-price appliances amid inflation.
Washington. The Federal Reserve Board reports that American families saved less and in 29 percent of cases spent beyond their income on the eve of a new consumer credit curb. Savings were about nine percent of income in 1947 versus 22 percent in 1946, based on a board survey conducted by the University of Michigan. The study covered about 13.5 million families last year and found most savers were not in adverse circumstances despite rising purchases and current debt.
The report notes installment buying is an important factor in many households while durable goods purchases reflect dissaving. It finds that families just breaking even are most likely financially adverse, with about 3.99 million households, eight percent of all families, in that group.
A fragment describes newborn bats relying on their mother's fur for nourishment and survival. The young cling with claws and teeth as the mother searches for food, illustrating early life dependence and the struggle to begin independent feeding.
A reader seeks guidance on a dog causing neighbor complaints. The advised approach emphasizes calming emotions, considering the neighbors’ side, and taking constructive steps to reduce the dog’s impact rather than reacting with anger or inaction.
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