“Many Americans are car poor from their auto loans. Here’s why. Nearly 1 in 4 owe more on such loans than the vehicle is worth, with the national average for upside-down balances at a record high that is more than $6,400. WAPO”. Can’t wait for Biden to wipe out all of these car loans just before election day, the fact is that folks who bought new or used cars during the pandemic paid through the nose for them!
I worked with someone who filed for bankruptcy and was told by his lawyer to buy a new car with all of his ready cash before he declared because they couldn’t take it away from him! We’ve raised multiple generations to think that way including those who agreed to pay back their college loans and no wonder that the USA will be declaring its own bankruptcy very soon!
And that is all I’m going to say about that!
Drain the Cesspool 