More Than 80 Percent Of Americans Can’t Afford New Cars
More Than 80 Percent Of Americans Can’t Afford New Cars
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
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It was bad enough before supply chain issues, but now the car companies and dealerships are so used to ridiculous margins and they want to keep it this way as long as possible. Something's got to give eventually, but if I've learned anything since the great recession of 2008, it's that things can stay terrible for a very, very, very long time.
They have been terrible and they never got better, then we shot that gorilla and the end of the world began.
Truth be told.
the rise of ebikes is the likely solution. young people especially are going to go without cars for longer and use an ebike or escooter. expect to see more on the roads, and more of them getting ran over by lifted trucks. this will likely lead to more protected bike lanes going in since getting rid of the micromobility is impossible and they have to go somewhere and the people who use them won't be able to afford a car