Yes because organizing a revolt of >200M people spread out across an area over twice the size of the EU who cannot afford to miss a paycheck without a very imminent risk of homelessness, starvation, and loss of healthcare for themselves and their families is such a logistically simple thing
Honest question, but do you expect everyone who needs a car to have thousands saved for the purchase? Just in case you’re not in the US, our used car market has exploded in pricing, gone are the days of a semi reliable sub 5k vehicle.
If you don’t have a few thousand saved up, maybe find a cheaper option? A scooter or something? And if you really have no other option, get a proper loan rather than putting it on a credit card.
Yeah, my state is larger than England with population of about 10 million with no public transport. Not to mention our particularly harsh winters that would make a scooter impractical for 6ish months out of the year.
Most everyone buying a car does get a traditional loan, did I miss something stating people were using credit cards? Also, a lot of commutes include highways which scooters/mopeds can’t reach the speeds necessary. Unfortunately cars are a necessity for many outside of the few cities that have actual mass transit.
Yes but the article itself breaks the debt down into credit card, mortgage and auto loans. That’s where I got confused when you mentioned people using credit cards to buy vehicles.
Americans credit card debt. What the hell are you guys doing? I thought that would be worldwide
Getting squeezed for every penny we have and then some.
The high cost of gas and groceries are really stressing Americans’ budgets these days.
Oh please…football games and Taylor Swift concerts sold out everywhere. $7 mochafrappalattahys with lineups everywhere.
Americans spent stupid money like no other country.
Some Americans.
I got an idea, let’s do nothing.
Yes because organizing a revolt of >200M people spread out across an area over twice the size of the EU who cannot afford to miss a paycheck without a very imminent risk of homelessness, starvation, and loss of healthcare for themselves and their families is such a logistically simple thing
Exactly, like I said, just do nothing and everything will be fine.
Buying cars it seems like.
Getting a loan to buy a car just seems crazy to me
Honest question, but do you expect everyone who needs a car to have thousands saved for the purchase? Just in case you’re not in the US, our used car market has exploded in pricing, gone are the days of a semi reliable sub 5k vehicle.
If you don’t have a few thousand saved up, maybe find a cheaper option? A scooter or something? And if you really have no other option, get a proper loan rather than putting it on a credit card.
But yeah, maybe I’m too European to understand :)
Yeah, my state is larger than England with population of about 10 million with no public transport. Not to mention our particularly harsh winters that would make a scooter impractical for 6ish months out of the year.
Most everyone buying a car does get a traditional loan, did I miss something stating people were using credit cards? Also, a lot of commutes include highways which scooters/mopeds can’t reach the speeds necessary. Unfortunately cars are a necessity for many outside of the few cities that have actual mass transit.
“credit card debt” is in the title
Yes but the article itself breaks the debt down into credit card, mortgage and auto loans. That’s where I got confused when you mentioned people using credit cards to buy vehicles.