Look at that graph. We’re making the long journey uphill. Where it stops only the fed can control.
by ExtremeComplex
Look at that graph. We’re making the long journey uphill. Where it stops only the fed can control.
by ExtremeComplex
6 comments
Sorry but I don’t get it. I have never had an auto-loan. When I was age 18-39 I paid cash for old cars with over 100k miles on them. I remember buying my first Mustang used and it was $4k w 120k miles on it. Drove it till 250k miles. Don’t get into debt is the rule of thumb.
I wonder how much of this is easy credit, that is, different credit standards from years ago until now.
But I hear the economy is great.
Because 18-29 are very possibly just getting zero hours contracts jobs…so their income is more unstable and then if you add student debt….
But of course the banks after getting predatory interest rates….and paying ridiculous % to savings to their victims…I mean…customers……and handouts from our taxpayers money that banks only used for shares buyback…now they will whine that their predatory profits are ‘slowing down ‘…so…more handouts for banks….
And then blaming the 18-29 for damaging the economy with their streaming subscriptions…..
Far right extremists republikans 101…
Indicative of a strong economy?
These people deserve this. People overpaying on trucks and more car than they can afford…doing 96 month financing.
The fed needs this happen. I need this to happen. You need this to happen. If you believe in learning from your mistakes then you gotta believe, these people getting their cars repossessed…they need it too