Business: Thrifty Year

Americans saved $14.5 billion in 1956, more than in any year since World War II and nearly double 1955's savings, the Securities and Exchange Commission revealed this week. At the same time thrifty Americans cut the rise in their indebtedness by one-half from 1955, Partly because they bought fewer automobiles in 1956 (see above).


Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!