return2ozma@lemmy.world to News@lemmy.world · 20 hours agoAmericans are more underwater on their car loans than ever beforeqz.comexternal-linkmessage-square30fedilinkarrow-up1107arrow-down19cross-posted to: aboringdystopia@lemmy.world
arrow-up198arrow-down1external-linkAmericans are more underwater on their car loans than ever beforeqz.comreturn2ozma@lemmy.world to News@lemmy.world · 20 hours agomessage-square30fedilinkcross-posted to: aboringdystopia@lemmy.world
minus-squaregarretble@lemmy.worldlinkfedilinkEnglisharrow-up61·20 hours agoWhen cars that should cost $20-30,000 now cost $40-60,000, that’ll happen.
minus-squarespyd3r@sh.itjust.workslinkfedilinkEnglisharrow-up4arrow-down1·1 hour agoThat’ll happen when the Federal Reserve prints more money and devalues the currency every year.
minus-squarenichos@lemmy.worldlinkfedilinkEnglisharrow-up7·13 hours agoThat’ll happen as long as people keep buying them.
When cars that should cost $20-30,000 now cost $40-60,000, that’ll happen.
That’ll happen when the Federal Reserve prints more money and devalues the currency every year.
That’ll happen as long as people keep buying them.