Money: A Penny Saved Is a Penny Wanted

What the the thrifty American? He is saving less and spending more. Much to the consternation of financial experts, the rate at which the public socks away its after-tax income fell from the normal 6% to only 4.8% during the first three months of 1966 #151; tge lowest levels in a dozen years. Simultaneously, the capacity-straining expansion of the U.S. economy has brought an unprecedented demand for borrowing to buy everything from color TV sets to new factories. With the Federal Reserve Board keeping credit tight to restrain the economy, there isn't enough money to go around....

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