Jasper County Democrat, Volume 17, Number 12, Rensselaer, Jasper County, 16 May 1914 — Prosperity and Extravagance Have Made Us a Nation of Spendthrifts [ARTICLE]

Prosperity and Extravagance Have Made Us a Nation of Spendthrifts

By Dr. FREDERICK L.- HOFFMAN, Life Insurance Statistician

UNLIKE our thrifty aiicotors. prosperity and extravagance have made us’; nation of spendthrifts. We see this condition of life pn every .-ide. Even the working girl earning five to seven dollars per week’ SPENDS. ONE-QUARTEII OR MORE QF HER INCOME on fool clothes,Tool hats and fool food. ■ SOME WORKING GIRLS VI/HO PUT THEIR MEAGER SAVINGS IN A PRIVATE BANK IN THE HOPE—SLENDER HOPE THOUGH IT BE—OF SAVING ENOUGH TO KEEP THEM FROM WANT FIND THEMSELVES NEARER TO THE POORHOUSE TODAY BECAUSE OF THE INEFFICIENT BANKING LAWS OF THE STATE. THE PEOPLE OF THIS COUNTRY HAVE ONLY TO PRACTICE. PROPER ECONOMY AND THRIFT TO PROVIDE FOR ANY NECESSITY THAT MAY ARISE. Statistics show that the majority of the people HAVE NO NEED OF A PENSION FOR OLD AGE. They do not desire a universal pension, and I believe the time will never come when they will need such help either from the state or the federal goverrynent.