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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 02, 1926
Page
15
Babson Park discussions highlight concerns over how many families earn above and below set income thresholds. Figures show 13 households with income over 2 4 0 and 1 549 as of counts, with broader questions about budget adequacy and policy implications.
Families struggle with rising budgets as instalment purchases grow. The article notes many households keep books to track income and debt and warns that poor budgeting harms financial health and development of family budgets. It stresses prudent spending and cautious use of credit.
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