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Americans can no longer afford their cars (www.newsweek.com)

submitted 10 months ago by jack@hexbear.net to c/urbanism@hexbear.net

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But as things stand, cars are still really expensive for many Americans. Just 10 percent of new car listings are currently priced below $30,000, according to CoPilot. Things are not much better in the used car market, where only 28 percent of listings are currently priced below $20,000.

According to an October report by Market Watch, Americans needed an annual income of at least $100,000 to afford a car, at least if they're following standard budgeting advice, which says you shouldn't spend more than 10 percent of your monthly income on car-related expenses.

That means that more than 60 percent of American households currently cannot afford to buy a new car, based on Census data. For individuals, the numbers are even worse, with 82 percent of people below the $100,000 line.

$100k to afford a car! Wtf.

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[-] supafuzz@hexbear.net 44 points 10 months ago

America is hands down the shittiest place on earth to live. First they squeezed everybody out to 2+ hour commutes with unsustainable urban rents; then they raised the price of the cars to make those mandatory commutes; now they're raising the rents on the suburban and exurban shitholes people got forced into. Nowhere to live, no way to get around.

[-] macerated_baby_presidents@hexbear.net 31 points 10 months ago

America is hands down the shittiest place on earth to live

correction it is the stupidest place on earth to live

[-] WithoutFurtherBelay@hexbear.net 31 points 10 months ago

America is hands down the shittiest place on earth to live.

Gaza, right now

[-] supafuzz@hexbear.net 18 points 10 months ago

ok, fair, shittiest place on earth excluding American proxy open air concentration camps

[-] GarbageShoot@hexbear.net 23 points 10 months ago

Shittiest place that isn't imperialized, maybe

[-] 420blazeit69@hexbear.net 23 points 10 months ago

America is hands down the shittiest place on earth to live.

Lacks a little perspective

[-] supafuzz@hexbear.net 18 points 10 months ago

I live in Colombia. I'd rather be the poorest person in Colombia than working a regular job in the States, at least here I could go to a doctor

[-] Coolkidbozzy@hexbear.net 15 points 10 months ago

(in the US) A doctor referred me for a brain MRI last week. I live in one of the largest cities in the country, but the doctor was 2.5 hours away. I have no idea when the MRI will be scheduled, if ever.