@[email protected] to [email protected] • 9 months agoAuto loans could pose a bigger threat to young Americans than student loans. For the first time, the outstanding volume of auto loan debt just surpassed student loan debt.creditnews.commessage-square83fedilinkarrow-up1289arrow-down116
arrow-up1273arrow-down1external-linkAuto loans could pose a bigger threat to young Americans than student loans. For the first time, the outstanding volume of auto loan debt just surpassed student loan debt.creditnews.com@[email protected] to [email protected] • 9 months agomessage-square83fedilink
minus-square@0x0001link5•9 months agoGood god, according to census.gov: Real median household income was $74,580 in 2022 Which works out to $6,215/month. Less than $200/month for emergencies, nobody is saving money with these figures. Our economic system is broken.
Good god, according to census.gov:
Which works out to $6,215/month. Less than $200/month for emergencies, nobody is saving money with these figures. Our economic system is broken.
Add it to the pile of broken systems.