Across the US, people are increasingly defaulting on their car loans — a dire economic indicator because these loans are usually the last payment Americans are willing to miss. Meanwhile, auto insurers are raking in record profits after hiking rates.

Across the US, people are increasingly defaulting on their car loans — a dire economic indicator because these loans are usually the last payment Americans are willing to miss. Meanwhile, auto insurers are raking in record profits after hiking rates.

  • MrMakabar@slrpnk.netEnglish
    101·
    2 days ago

    The average US household spends 17% of its budget on transportation. Obviously other forms of transport also cost money, but it still nearly possible to have a four day work week, if you get rid of your car.

    • ɔiƚoxɘup@infosec.pubEnglish
      131·
      2 days ago

      I’d argue that US infrastructure is so spread out due to being car centric that no, it’s not.

      I see your point, and fuck cars, but it’s baked in, sadly.

    • HaraldvonBlauzahn@feddit.orgEnglish
      4·
      2 days ago

      Fascinating. I spend about 2% here in Germany, for two good bikes (which I bought used) including professional maintenance, plus a monthly commuter rail pass. No car. Roughly a four-day week.