return2ozma@lemmy.worldBanned from community to News@lemmy.world · 8 days agoMore Than 1 in 5 New Car Buyers in the U.S. Are Taking Out Loans of 84 Months or Longerwww.roadandtrack.comexternal-linkmessage-square65linkfedilinkarrow-up143arrow-down10
arrow-up143arrow-down1external-linkMore Than 1 in 5 New Car Buyers in the U.S. Are Taking Out Loans of 84 Months or Longerwww.roadandtrack.comreturn2ozma@lemmy.worldBanned from community to News@lemmy.world · 8 days agomessage-square65linkfedilink
minus-squaremaplesaga@lemmy.worldlinkfedilinkarrow-up2·7 days agoMortgages used to be 7 years, and car loans were unheard of on the gold standard. Cheap debt changed all this, and we chalked up the economic growth as a positive thing. Now we act aghast when high debt loads exist.
Mortgages used to be 7 years, and car loans were unheard of on the gold standard. Cheap debt changed all this, and we chalked up the economic growth as a positive thing.
Now we act aghast when high debt loads exist.