News@lemmy.worldEnglish · 1 year ago

Americans can no longer afford their cars

www.newsweek.com

cross-posted to:
personalfinance@lemmy.ml

386

Americans can no longer afford their cars

www.newsweek.com

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 1 year ago

cross-posted to:
personalfinance@lemmy.ml

Just 10% of new car listings are currently priced below the $30,000 mark, after years of price increases have made vehicles unaffordable to millions.

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tburkhol@lemmy.world
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1 year ago
I bought my first car on credit. After my last payment, I diverted that money into dedicated savings for the next car. Kept me from lifestyle creep and paid myself interest instead of the bank.

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