More Than 80 Percent Of Americans Can’t Afford New Cars - eviltoast
Experts say you should earn $100K before buying a new car so you don’t spend more than ten percent of your monthly income on payments
  • @callouscomic@lemm.eeEnglish
    13•9 months ago

    Don’t forget they also made college unaffordable and made sure you can’t get rid of student loans in bankruptcy. Charming place this is.

    • @Death_Equity@lemmy.worldEnglish
      8•9 months ago

      Don’t forget they created derivates based on that debt, because they “learned” from '08 how home mortgage debt derivatives isn’t as safe as they thought.

      Good thing that non-dischargeable debt is nice and safe and won’t be wiped by government action, because that would make tiers of derivatives worthless and unwind multiples of the economy into a crater. That is why they fought against wiping student loan debts.