this post was submitted on 26 Feb 2026
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A Boring Dystopia

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[–] return2ozma@lemmy.world 24 points 1 day ago (4 children)

A record share of Americans — more than 20% — agreed to pay more than $1,000 per month for a new car loan at the end of the year, according to car sales site Edmunds.

[–] booly@sh.itjust.works 1 points 15 hours ago

I wonder how those specific buyers' household incomes are. Part of the "k shaped recovery" from COVID is that some people genuinely are richer than ever.

If 10% of US households make more than $250k/year, and richer households are more likely to buy new cars (and buy them more frequently), it might very well be that the $1000/month payments are being paid by those who can easily afford them, while the $300/month payments are the ones actually causing financial strain on average households.

[–] Bluegrass_Addict@lemmy.ca 29 points 1 day ago (2 children)

fuk... that's absurd. I felt bad agreeing to 300/month. I'd laugh at the dealer, call em drunk and never return if they tried that shit

[–] roofuskit@lemmy.world 13 points 1 day ago (1 children)

Yeah, my car payment is $250 and I hate paying that much.

[–] Fredselfish@lemmy.world 5 points 1 day ago

Just bought a Subaru and payment is 271. That less then my truck payment was back 8 years ago when I paid it off. I told them to get fucked when they tried to make it 394.

[–] SaveTheTuaHawk@lemmy.ca 1 points 18 hours ago

The same people are living paycheck to paycheck.

[–] Today@lemmy.world 2 points 1 day ago

That's outrageous!!