RealWarrenBuffett to News@lemmy.world · 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.comexternal-linkmessage-square93fedilinkarrow-up1306arrow-down116
arrow-up1290arrow-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.comRealWarrenBuffett to News@lemmy.world · 9 months agomessage-square93fedilink
minus-square0x0001@sh.itjust.workslinkfedilinkarrow-up5·9 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.
minus-squarecmbabul@lemmy.worldlinkfedilinkEnglisharrow-up1·9 months agoAdd it to the pile of broken systems.
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.