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Families Use Installment Plans On Time Purchases
New York reported nearly half of U S families use installment plans. Automobiles furniture household appliances and home repairs lead purchases under consumer installment credit which totaled over one billion dollars at the start of 1960. Automobile loans remain the largest category with personal loans and home modernization also prominent. Middle income groups show rising use with many households buying furniture and major appliances on installment plans.
MENTIONED IN THIS ARTICLE
New York
UPI
United States
Cress
Bank
UN Isa
Arthur J. Morris
Fidelity ~ Savings and Trust Co
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Uwstamilies