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Car insurance prices surge (www.newsweek.com)
submitted 8 months ago by MicroWave@lemmy.world to c/news@lemmy.world

Car insurance rates are surging as Americans struggle to pay for basic necessities and ongoing debt.

The newest Consumer Price Index shows car insurance spiked 20 percent year over year. The surge in pricing occurred after years of gradual price inflation, with earlier reports finding the rates grew by 36 percent since 2020.

That's at the same time debt is soaring for many Americans. While Americans hold around 1.75 trillion in student debt loans alone, they also have $1.05 trillion in credit card balances not paid off.

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[-] fuckwit_mcbumcrumble@lemmy.world 3 points 8 months ago

What car do you have? Is it a Kia or Hyundai?

[-] MagicShel@programming.dev 1 points 8 months ago

Chevy Volt and a Town & Country.

this post was submitted on 20 Feb 2024
226 points (97.1% liked)

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