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The issue also reviews consumer price changes during 1966, forecasts 1967 cost rises, and summarizes business sentiment, labor force conditions, and consumer credit trends in late 1966.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/consumer-purchasing-power-january-1967-finance-facts/325779/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/consumer-purchasing-power-january-1967-finance-facts/325779.png","ImageObject",300,407,{"name":42,"@type":43},"Rowan","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-30","2026-09-21",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",10,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What does discretionary purchasing power measure in this issue?","Question",{"text":63,"@type":64},"It measures the dollar amount available for American consumers to make independent choices about spending or saving, after deductions for contractual savings, essential outlays, and fixed commitments.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How did consumer prices change during 1966?",{"text":68,"@type":64},"Prices paid by consumers during the first ten months of 1966 averaged 112.8% of the 1957–59 base period, and consumers paid 2.8% more than in the same period of 1965. Increases varied by category such as food, housing, apparel, transportation, and health and recreation.",{"name":70,"@type":61,"acceptedAnswer":71},"What trends are described for business expectations entering 1967?",{"text":72,"@type":64},"Businessmen’s expectations for the first quarter of 1967 dimmed, with growing uncertainty about material and labor costs, slower gross national product growth, shrinking profits, and the conflict in Viet Nam. The Sales Optimism Index fell to the lowest level in three years.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},325779,1790104721,{"code":4,"msg":82,"data":83},"success",[84,88,92,96,101,106,111,115,120,123,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & 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he quoted or reproduced.  \n# DISCRETIONARY PURCHASING POWER\n\nAmerican consumers had $222 bilion in discretionary purchasing powerin third quarter of 1966(seasonally adjusted at an annual rate).Dis-cretionary purchasing power as estimated by the National IndustrialConference Board is dollar amount that measures the American con-sumers'ability to exercise independent choice as to spending or sav-ing.From aggregate consumer purchasing power(income plus credit)deductions are made for contractual savings(payments to insuranceand pension funds),essential outlays(for example,food,clothing,transportation and medical expenses),and fixed commitments(forexample,home mortgage or rent payments,and interest payments)toarrive at discretionary purchasing power.  \nAbout 40%of aggregate consumer purchasing power in recent years hasbeen available to consumers for discretionary purposes.For example,in first half 1966,aggregate consumer purchasing power was at annualrate of $529 billion.Of this amount,discretionary purchasing powerwas estimated at $218 billion(41%)of which discretionary savingcomprised $31 billion and discretionary spending $187 billion.  \n# CONSUMER PRICES IN 1966\n\nPrices paid by consumers during first ten months of 1966 averaged112.8%of 1957-59 base period prices(October consumer price data waslatest available at press time).Compared to like period in 1965,con-sumers paid an average 2.8%more for goods and services.For foodthey paid 5.1%more,for housing 2.2%more,apparel and upkeep 2.4%more,transportation 1.3%more,and health and recreation 2.8%more  \nPrices rose more rapidly in 1966 than in 1965 for food,housing,apparel,and health and recreation.Transportation showed slower rise.Allmajor groups of consumer goods and services,except transportation,also rose much more rapidly in 1966 than average rise in previousfive years.  \n# CONSUMER PRICE OUTLOOK\n\nRises are expected for 1967 in costs of food,home furnishings andclothing by U.S.Department of Agriculture economists.Rise in foodprices in 1967 is expected to be somewhat less than 1966 rise(October1966 food prices were 5.4%above year earlier).Consumers can ex-  \nFINANCE FACTS  \nA Monthly Publication on Consumer Financial Behaoior  \nJANUARY 1967  \n# Consumer Purchasing PowerAggregate and Discretionary\n\nIncrease in Consumer Prices  \nPer Cent of the CivilianLabor Force Unemployed  \npect increased prices for beef,dairy products,cereals,bakery products,and fats and oils.Potato prices are likely to remain the same.In-creased supplies of pork,poultry,eggs,and citrus fruits may meanlower prices for these items.  \nHigh demand for homefurnishings and equipment through 1967 is ex-pected to result from higher incomes,unemployment in part kept lowby military calls,and more new families formed by post-World WarII babies now of marriage age.Increased labor charges and higherraw materials prices will push up prices.For example,funiture pricesare expected to rise an average of 4%and major appliances 3%.  \nBoosts in shoe and clothing prices are expected,due largely to increasesin labor and production costs.For example,by fall men’s suits may be5%higher and the price of shoes is expected to advance 3%to 5%in thespring.  \n# BUSINESSMEN’S EXPECTATIONS\n\nMirroring uneasiness about current economic trends,expectations ofbusinessmen about first quarter 1967 prospects dimmed appreciablyin the latest Dun &Bradstreet,Inc.survey of 1,574 executives.Asuncertainties have multiplied-mounting material and labor costs,slowing of the rise in gross national product,shrinking profits,andthe disquieting conflict in Viet Nam-businessmen's optimism faded to.the lowest level since 1963.Although they had begun to temper theirpredictions in the prior survey,the executives of manufacturing,whole-saling and retailing concerns downgraded their sales and profits expec-tations much more sharply concerning the initial quarter of the newyear.Despite some price easing in recent weeks,an","cbCaijtD7rVdlt6L","https://ap.wps.com/l/cbCaijtD7rVdlt6L","pdf",1273759,"English","# DISCRETIONARY PURCHASING POWER\n# CONSUMER PRICES IN 1966\n# CONSUMER PRICE OUTLOOK\n# BUSINESSMEN’S EXPECTATIONS\n# LABOR FORCE\n# CONSUMER CREDIT","[{\"question\":\"What does discretionary purchasing power measure in this issue?\",\"answer\":\"It measures the dollar amount available for American consumers to make independent choices about spending or saving, after deductions for contractual savings, essential outlays, and fixed commitments.\"},{\"question\":\"How did consumer prices change during 1966?\",\"answer\":\"Prices paid by consumers during the first ten months of 1966 averaged 112.8% of the 1957–59 base period, and consumers paid 2.8% more than in the same period of 1965. Increases varied by category such as food, housing, apparel, transportation, and health and recreation.\"},{\"question\":\"What trends are described for business expectations entering 1967?\",\"answer\":\"Businessmen’s expectations for the first quarter of 1967 dimmed, with growing uncertainty about material and labor costs, slower gross national product growth, shrinking profits, and the conflict in Viet Nam. The Sales Optimism Index fell to the lowest level in three years.\"}]","Consumer Purchasing Power - January 1967 Finance Facts | PDF",1789971398]