Word: saversion
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A dramatic illustration is the proliferation of disposable materials from cutlery to paper dresses that last for a couple of enchanted evenings (and how many times can any single dress enchant?). One of the latest manufacturers to enter the field cheerfully labels his new line Waste Basket Boutique. Some economists...
That disruption showed clearly last week in the increasingly wild rate war for savings deposits between commercial banks, savings banks, and savings and loan associations. In New York City, about a quarter of the mutual savings banks boosted their rates from 4½% to 5%. Even so, many reported "heavy...
Bucking other savings institutions, New York's Dime Savings Bank boosted its basic rates from 4½% to 5% , the city's highest passbook rate. That's gravy for savers, but borrowers stand to get their lumps. Manhattan commercial bankers are saying that it is high time...
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...
These are modest money savers as budget totals go.