THE MICHIGAN DAILY VTERVIE WING TROUBLES: Research Center Studies Family Saving' Education Group Plans Ann Arbor Conference By ERNEST THEODOSSIN Workers at the Survey Research Center have been studying finan- cial spending and saving patterns of American families. Financed by the Federal Reserve Board, the study has introduced the use of attitudinal data into economic analysis. "One of our basic principles," S. Scott Maynes, study director at the center, ex- plained, "is that people not only act on the basis of their objective economic system, but they act also on the basis of their attitudes, ex- pectations and aspirations." The study has partly concerned itself with the "spending cycle." "Before marriage there is hardly any saving," Maynes said. ," "After an individual marries, he begins to invest in durable goods. At about the age of 45, he will start paying off mortgages. There- after, liquid savings are most com- mon, until the age of about sixty, when most saying generally stops," he said. The study, in operation since early 1946, changes its emphasis often to uncover new and perti- nent data. Some of the findings: 1. Lower class individuals do not make up the bulk of install- ment buyers; instead, semi-skilled workers use this purchase method. more often. 2. About 35% of the population saves by paying off mortgages. 3. Approximately 7 or 8% save through stocks and bonds, stocks being an important interest of upper-class families. Pre-established Sampling Method Using nearly 3,000 spending units from 12 metropolitanareas, the study selects different respond- ants each year by a pre-established sampling method. Since the field workers are told to get the interview if at all pos- sible, the operations often entail unusual occupations. Crawling up .to tenement homes on fire-escapes. or ford'ing a muddy creek may be part of a day's work. "One of our interviewers," Maynes said, "was picked up in Texas after somebody was mur- dered. The interviewer had been the last person to see the individ- ual alive. Of course," he added, "the interviewer was released." Housewives Interview Generally selected from a list of local housewives with interviewing experience, the interviews are con- ducted on an conversational basis. About 85% of the respondants are men, usually the family unit head. "When the study first began," Maynes said, "the Federal Reserve Board was wondering what con- sumers were- planning to do with the tremendous amount of money they had put into savings and bonds and how this would affect our economy. "The early .urveys showed that consumers generally hold on to their bonds. "Another thing we learned is that in the inflationary, post- Korea days, consumers resisted price increases," he said. Although the 1954 study revealed a belief that lower demand would prevail, early 1955 returns indi- cate increased' optimism and more buying. Some 350 womien from through- out the nation are expected to attend the 19th biennial council of Pi Lambda Theta, honorary association for women in educa- tion, at the University August 23- 26. They will represent 77 college, university, and alumnae chapters. Hosts for the event will be the 'U' Has Powerful Radioactive Gold The most powerful radioactive source ever released to a non-gov- ernmental laboratory now is in use at the University in research on combustion. The metal is gold and was 100,- 000 curies in strength when it was delivered by the Air Force. chapters at the University and Wayne University, and the alum- nae chapters of Detroit and Toledo. Keynote speaker for the confer- ence which will have community service as its theme will be Dr. Laurentine Colline, director of community services for the Detroit Board of Education. Her address is scheduled for 10 a.m. Aug. 23. in the Rackham Amphitheater. Dean Ralph A. Sawyer of the graduate school will discuss "Peaceful Uses of Atomic Energy" at the banquet in the Michigan League Ballroom at 6:30 p.m. Aug. 25. Participants in the Aug. 23 luncheon at Stockwell Hall, where delegates will stay, include Jack Elzay, Ann Arbor school super- intendent. All women school prin- cipals in Ann Arbor are Pi Lamb- da Theta members. Europe Likes "lee Clu's J.S. Music Europeans like American music. This is a definite conclusion eached by the Men's Glee Club fter a month-long tour of the ontinent. Audiences in the Netherlands,; -ermany, Austria, Italy, Switzer- mnd and France were enthusiastic bout the American folk songs, roadway hits and college songs hich the group presented under he direction of Philip A. Duey. All f the selections featured on the >ur were especially arranged by rof. Duey. 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