Sugar House Bulletin | 1948-08-27 | Page 7 | More Money Spent during 1948

More Monev Spent During: 198 Americans during 1948 are buying buy-ing houses and automobiles faster than they can be produced and Indebtedness In-debtedness is increasing, according to the Federal Reserve Board's 194$ survey of consumer finances. Fewer folk are saving In 1948 than the year previous. Some 3 million mil-lion consumers who had savings bonds in 1947 didn't have them the first of 1948. Consumers are doing more of their paying on a credit basis than a year ago. Because buying buy-ing has Increased, they're using more of their savings than before. It la expected that about one-fourth one-fourth of the consumers will spend beyond their Income in 1948 as they did In 1947.