Show Save Not Less must save not if we arc to maintain a free and healthy economy while meeting the of the according to Eldred L. president of the Utah Savings and Loan made the statement in response to critics who say that Americans are saving at too high a and that there won't be prosperity until spending idea that our savings is too high is Waldron may appear plentiful now because of current economic but for the long our impending capital demands arc very great IN UTAH net savings gains at insured savings and loan associations approached approximately treble the previous in capital to meet the decade's requirements for new mortgage money in Utah will be Waldron the new capital will come from will be critical to the Beehive State's MORE it is in the form of personal savings and the stronger the slate's and nation's savings and loan the said He pointed out that most savings arc immediately available to and businesses who want to borrow for the purchase of a new home or for remodeling their present in Utah there is ample money to provide financing for the loan demand on Waldron When there is not enough money bidding for loans increasing inflationary This may also cause serious money shortages in some sectors of the economy as happened to housing several times since The idea that Americans save too much ignores the fact our savings rate lags far behind those of many other industrialized Waldron e that a report to of the International Union of Societies and Savings Associations revealed that in the United States ranked amone the 17 western nations personal savings as a percentage of disposable rate of percent that year has increased to about 8 percent in said the United States is still near the bottom of the list in the rate of savings when compared with the 17 western THE only way to raise the capital we need without inflation or a totally regulated economy will be to encourage not to discourage he |