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Security Pacific predicted growth through 1987.

August 13, 1986

Record high consumer debt levels and a low saving rate may halt the current economic expansion--but not before late 1987, Security Pacific National Bank said. The bank's economics department said debt and savings factors won't affect the expansion until the growth of household income begins to slow. "In the end, the consumer debt buildup now in progress will bring an end to this expansion," the report said. "But that time is not yet upon us."

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