American Debt: Auto Loan Balances Hit Record $1.6 Trillion in Q3 2023
American Debt: Auto Loan Balances Hit Record $1.6 Trillion in Q3 2023
Consumer auto loan debt has continued to rise, a result of increased demand, less supply, and higher prices.
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If you people could stop buying new vehicles every five years as a status symbol it would be great. I don't think I should have to pay for your bailout.
Don't worry, it's peanuts compared to the FEDs cheap loans they've been doing to banks who'd go under.
Increasing cost with shrinking wages and no savings produce over reliant on debt. The things that wealthy like for the people. There is always more than simple answers
Right so maybe stop buying a new car every five years. I make in the six figures and do does my wife. We have a Honda Civic from 2008. Meanwhile I know multiple people making a marginal amount over minimum wage driving a pickup truck that never hauls anything except their fat ass.
Enough with the fucking status symbols and stop blaming the rich for your penis compensation device.
We rely on those people to create a robust used market for everyone who can't afford new cars