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Discretionary spending and saving details how rising spendable income and record consumer borrowing increased purchasing power, while essentials restrained overall growth and defined discretionary measures. Employment situation covers March labor market movements, unemployment rates, and labor force changes. Consumer credit and cost of food at home summarize related consumer finance trends and household expense pressures, including credit growth and food price 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did the population shift across age groups between 1960 and 1968?","Question",{"text":112,"@type":113},"The document reports a decline in ages 30–34, a jump in ages 20–24, and a decrease in the under-5 group, with later increases in older ages aided by medical advances.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What defines discretionary purchasing power in 1968?",{"text":117,"@type":113},"It is the dollar amount remaining of total purchasing power after essential expenditures and fixed commitments are subtracted, reflecting household ability to choose spending and saving directions.",{"name":119,"@type":110,"acceptedAnswer":120},"What were the key changes in employment and unemployment in March?",{"text":121,"@type":113},"Employment rose moderately, the number of unemployed fell less than usual, the unemployment rate was 3.4% versus 3.3% in the previous three months, and the change was attributed to a small advance in teenage unemployment.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},322154,1790377601,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":52,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":19,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":52,"preview_page_count":4},7971461741311,"https://ap-avatar.wpscdn.com/avatar/74000253aff267980c6?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779345379180704826","Any or all the material in this publication may he quoted or reproduced.  \n# CHANGING AGE DISTRIBUTION\n\nShifs in the distribufion of population by age have been sharp in recentyears and will continue to be so.Depression-diminished crop of babiesof the thirties was followed by the flood of postwar children,and thatis now followed by the current downswing in births.As those cohortsadvance up the age ladder,the size of the population at each agelevel contracts or expands.Thus,between 1960 and 1968 the popu-lation aged 30-34 dropped by almost 1 million,the 20-24 bracketjumped by more than 4.5 million,and the under 5-year group declined  \n1.8 million.Meantime,life prolonging advances in medical sciencehelped to boost the number of persons 65 and over by 2.5 million.  \nFastest growing age group during last five years has been the 20 to 24year olds,which increased at an annual rate of about 4.6%.Betweennow and 1975,the number of 20 to 24 year olds will grow at a slowerrate of about 2.9%annually,but this will still be one of the fastestgrowing age groups-matched only by the projected growth of thenumber under 5 years of age.This group of adults in their early 20'shas the greatest impact on the job market,is the group which createsthe greatest demand for advanced education and which plays thegreatest role in family formation and the establishment of newhouseholds.It is also the group which supplies the initial demandfor consumer durables-used automobiles in the younger ages and,later on,other consumer durables to equip newly established homes.This age group is also the most mobile.  \n# DISCRETIONARY SPENDING AND SAVING\n\nRapidly rising levels of spendable income,coupled with record consumerborrowing,lifted aggregate purchasing power by $55.9 billion to anestimated $632.3 billion in 1968.(Purchasing power as defined byThe Conference Board is the sum of disposable income,net householdborrowing,and credits from government.)Credit extensions(includ-ing mortgages)represented almost 22%of the addition to fundsavailable for consumption,while spendable income contributed 76%in 1968.The most that credit had added to the gain in purchasingpower in any of the prior four years was 7%,and in years in whichnet usage of credit declined,the gain in purchasing power was reduced.  \nEssential expenditures inereased less rapidly than total purchasing power,slowing to a rate of 6.5%,nearly the same as its average growth ratefor 1963-68.  \nFINANCE FACTS  \nA Monthly Publication on Consumer Financial Behaoior  \nMAY 1969  \nAggregate PurchasingPower  \nFINANCE FACTS  \nMAY 1969  \nChanges in theLabor Force andSelected ComponentsMarch 1968 to March 1969  \nAmount remaining of total purchasing power after outlays for essentialsand fixed commitments are subtracted is defined as discretionarypurchasing power-a dollar measure of consumer ability to exercisediscretion over the specific direction of spending and saving.At $269.5billion in 1968,discretionary purchasing power rose more than 14%.  \nDollar amount spent by consumers for purchase of nonessential items,netof funds used to acquire financial assets,is also discretionary andrepresents purchases resulting from decisions relatively free of pressureof necessity or force of habit.In 1968,discretionary spending rose bya record $29.7 billion to $230.3 billion.  \nDiscretionary saving-the dollar value of households'net acquisitionsof financial assets except for contributions to life insurance and pensionfund reserves-rose to $39.2 billion in 1968 from $35.1 billion in 1967.Much of the saving in 1967 had taken liquid form,with savingsaccounts contributing the largest share of the increase in savings.In 1967,savings accounts represented $32.4 billion of the net incrementto saving,compared with $26.6 billion in 1968.Largest relative changelast year occurred in credit and equity market instruments.In 1967,net purchases of stocks and bonds had declined.As funds flowed fromsavings institutions in 1968,investment in credit and equ","cbCaifBlDGb4enn8","https://ap.wps.com/l/cbCaifBlDGb4enn8","pdf",1407225,"English","# CHANGING AGE DISTRIBUTION\n# DISCRETIONARY SPENDING AND SAVING\n# EMPLOYMENT SITUATION\n# CONSUMER CREDIT\n# COST OF FOOD AT HOME","[{\"question\":\"How did the population shift across age groups between 1960 and 1968?\",\"answer\":\"The document reports a decline in ages 30–34, a jump in ages 20–24, and a decrease in the under-5 group, with later increases in older ages aided by medical advances.\"},{\"question\":\"What defines discretionary purchasing power in 1968?\",\"answer\":\"It is the dollar amount remaining of total purchasing power after essential expenditures and fixed commitments are subtracted, reflecting household ability to choose spending and saving directions.\"},{\"question\":\"What were the key changes in employment and unemployment in March?\",\"answer\":\"Employment rose moderately, the number of unemployed fell less than usual, the unemployment rate was 3.4% versus 3.3% in the previous three months, and the change was attributed to a small advance in teenage unemployment.\"}]","CHANGING AGE DISTRIBUTION - Discretionary Spending and Saving - Employment Situation - Consumer Credit - Cost of Food at Home | PDF",1789961177]