Quotes About Consumer durables

The new metric worldwide would raise the figure for other nations as well, but the contribution of education, R&D, and consumer durables to total savings "is higher in the United States than in most other countries, except perhaps for a few Nordic countries."*

Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like.