A
SUNDAY, MAY It, 1983
MEDFOHD MAIL TRIBUNE, MEDFORD, OREGON
Financial Health
Of County People
Reported Better
The flrancia health of the
average J.ckson county resi
dent is better than it has been
or some time.
Evidence of this is seen in
the amount of money he has
accumulated in bank accounts
in the past two years, in the
increase in his savings In gen
eral and in the control he has
maintained over his outstand
ing debt.
This buildup of savings has
created an unprecedented
pool of spending power that
has favorable portents for the
Jackson county population as
a whole and for local business
in particular. It could spark a
big buying surge.
The Big Unknown
How soon will this power
be unleashed and to what ex
tent? These are the big un
knowns. They depend upon
consumer moods.
Details concerning the in
crease in individual savings in
the local area and elsewhere
in the country during the two
year period are contained in
figures released by the Fed
eral Reserve System and by
other agencies.
As might be expected, the
reports show that the amount
a family sets aside as savings
is directly related to its in
come.
Among families with dis
posable incomes of $2,900, the
ability, to save is small. They
put away about 2.0 per cent
for the purpose.
Reaches 4.8 Per Cant
At $5,000 net income, the
rate of savings reaches 4.8 per
cent. It rises steadily from
this point, reaching more than
20 per cent in the top brack
ets, it is found. .
In Jackson county, where
the latest annual figures list
net income per family at $5,
735, the average rate of sav
ings is 5.9 per cent, based on
these findings. It comes to an
estimated $338 a year per
family.
For the community as a
whole, savings are running at
the rate of $8,251,000 a year.
Tim Deposits Rlsa
, Throughout Jackson coun
ty, according to the Federal
Reserve, time deposits in local
banks, consisting chiefly of
personal savings, rose from
$22,846,000 in June, 1080, to
same $28,960,000 in June,
1962. : . 1
Other types of savings, such
as Government bonds and
shares in savings and loan in
stitutions, have also increased
considerably,
Nationally, it Is reported, a
record $53 billion has been
amassed by Americans in the
two years, bringing their total
savings to $313.8 billion.
Three Appear in
Circuit Court Here
Three porsons appeared in
Jackson county circuit court
last week.
Clarence A. Tingleaf, 48, of
2225 Fowler rd., White City,
. pleaded guilty to a charge of
non-support and had a pre
sentencing report ordered.
Ronald Raymond Barron,
22, of Rodeo, Calif., pleaded
innocent to a charge of en
tering a motor vehicle with
Intent to steal and trial date
was set for June 5.
Melvyn McCann, 20, of
3279 Fish Hatchery rd..
Grants Pass, had contempt
charges against him dismiss
ed. The charge had been filed
after McCann failed to appear
on a subpoena in Jackson
county May 3. It was learned
that he had been In custody
In Josephine county at the
time of his scheduled appear
ance here.
Four Area Students
Get Scholarships
The list of scholar ship
awards recently announced at
the University of Oregon
medical school for the aca
demic year carried the names
nf four southern Oregon stu
dents. Willard R. Lilly, Mcdford,
received an Avalon Founda
tion cash scholarship; and
Martha L. Casad. also of Med
fnrd, was awarded a state
scholarship by the University
of Oregon school of nursing,
where she is a student.
Other winners of medical
school scholarships were John
S. Corson, Grants Pass, and
Jean H. Eberhart, Ashland.
LOST AND FOUND
Los Angeles -UPI- Lucius S.
Simpson, 80, lost control of
his car Thursday and ended
up inside the lost and found
room at tho Metropolitan
Transit Bulldlng-car and all.
Damage was extensive, but in
juries were minor.
mmmmm
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LOG ENDS
Quick Dtlivcry
MEDFORD FUEL CO.
S A H Qftn Stimpi
PMONI77MU1
Phone 772-7376