Auto 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. - eviltoast
  • OldWoodFrame@lemm.ee
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    1 year ago

    People still need cars, usually. So people who owe $50k on a car can sell and buy a $20k car while people with $20k cars are selling to that person and buying a $5k car or whatever. People are in different ranges based on their situation with income and needs.