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Interest Rates / Consumer Troubles #25854

ABC Evening News for Friday, May 18, 1973
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(Studio) "Wall Street Journal" reports sharp rise in interest rates. Fed. Reserve Board recently moved to restrict borrowing and thus curb inflation. Easy borrowing can cause difficulties for consumers.
REPORTER: Harry Reasoner

(Atlanta, Georgia) Consumer credit counseling service in Atlanta helps people like Leroy and Carolyn Hines manage their budgets and helps them get out of debt. [Leroy HINES - says he and wife got behind in monthly payments when wife went to hospital.] [Carolyn HINES - says doesn't know where their money went.] [Credit counseling director Fred TONNEY - says agency will try to get creditors to accept monthly payments which debtors can afford.]
REPORTER: David Snell

Reporter(s):
Reasoner, Harry;
Snell, David
Duration:
00:02:50

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