Car? Essential Tips & Advice for Your Next Purchase
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Americans are paying $1,000 a month to drive cars they can barely afford 🚗 U.S. auto debt now sits near $1.7 trillion, and a record 1 in 5 new-car buyers are locked into payments of $1,000 or more per month. More than a quarter of new-car loans now stretch seven years or longer, up from about one in five a year ago. Borrowers aged 18 to 29 now post the highest serious delinquency rates of any age group. Meanwhile, the average car on U.S. roads is nearly 13 years old as drivers hold onto vehicle
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Americans are paying $1,000 a month to drive cars they can barely afford 🚗 U.S. auto debt now sits near $1.7 trillion, and a record 1 in 5 new-car buyers are locked into payments of $1,000 or more per month. More than a quarter of new-car loans now stretch seven years or longer, up from about one in five a year ago. Borrowers aged 18 to 29 now post the highest serious delinquency rates of any age group. Meanwhile, the average car on U.S. roads is nearly 13 years old as drivers hold onto vehicle
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💰 Signs you’re doing better financially than you think 🇦🇺 Owning your car outright. Having no credit card debt. Saving consistently. Being able to take a holiday without going into debt. You don’t need to be a millionaire to be doing well financially. Sometimes it’s the little things that show how far you’ve come. 👏 How many of the 12 can you tick off? 👇 #PersonalFinance #MoneyTips #FinancialFreedom #Australia #WealthBuilding
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