@RealWarrenBuffett@lemm.ee 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.commessage-square89fedilinkarrow-up1292
arrow-up1292external-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.com@RealWarrenBuffett@lemm.ee to News@lemmy.world • 9 months agomessage-square89fedilink
minus-square@0x0001@sh.itjust.workslinkfedilink5•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-square@cmbabul@lemmy.worldlinkfedilinkEnglish1•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.