Show II How Are Your Finances SPECIAL TO CLIPPER CUPPER J Residents of Davis County seem to have their financial affairs under good control As a whole they are living Well ell within their then incomes spending much less than they are earning I Y r r. L. L SOME OF the surplus is I bei used them by to reduce reducer r I weir their consumer debt The remainder reI re re- i or a considerable part part par of it is being put into savings bonds r During Paring the past Y year it is I I esti estimated mated Davis County families fam- fam lles sta stashed hed a way away w a Y some someI I I in liquid assets 1 I AS WITH people in other Parts of the country they J have aye grown cautious High Prices unemployment s strikes and ana other conditions hand economic i have ave led them to postpone I some ome of their ticket big-ticket purchases pur- pur chases ases and wait for a more favorable climate Il Meanwhile th they y are accumulating accumulating lating a sizeable nest egg This pool of purchasing power when released could spark a big buying surge THE FIGURES on savings are based upon national findings findings findings find find- ings reported by the Commerce Department and other agencies agencies agencies agen agen- cies and upon income and sales data for each community They show as would be expected expected expected ex ex- that the amount a family can save depends primarily primarily primarily marily on how much it has left after paying its bills for necessities THOSE WITH merely subsistence subsistence subsistence sub sub- incomes were not notable notable notable able to save anything of course Those at the tax after-tax level put aside 24 percent of it on average and those at about 40 percent In the higher income brack brack- ets the rates were considerably considerably considerably consider consider- ably larger IN DAVIS County where the average disposable income per household was last year according to the latest annual report the overall rate of savings was 74 percent It amounted to per household Elsewhere in the United States it was and in inthe inthe inthe the State of Utah IMPLIED IS that the rate in each community is similar for each income group to what it is in the rest of the country For the local population asa as asa asa a whole the savings in the past year reached the imposing imposing imposing im im- im- im posing total of NATIONALLY such savings are touching billion for forthe forthe forthe the year an increase of 52 i billion illion over the previous year |