FDR: “We must discourage installment buying, and encourage paying off debts…”

On the record

We must discourage installment buying, and encourage paying off debts and mortgages.

Said by

Democratic · New York

Source

Roosevelt encourages Americans to avoid installment buying and focus on paying off debts during the war.

More from FDR

Apr 4, 1945

It may be in another week or ten days.

Apr 9, 1945

The Secretary of the Interior shall make employment available and provide protection to all employees working at such mines.

Apr 4, 1945

It is not really of any great importance.

Apr 9, 1945

All Federal agencies are directed to cooperate with the Secretary of the Interior to the fullest extent possible.

Other voices in this conversation

FDR: “We must discourage installment buying, and encourage paying off debts and mortgages.”