Americans are struggling to pay off their car loans. Three charts explain why
https://www.cnn.com/2023/04/15/cars/car-loan-interest-rates-2023-dg/index.html
Under the situation that price of everything is becoming higher and higher, while average income cannot catch up with that, our living standard will be lower than the one in the past 10 years. That will be the fact we have to accept in the near future.
Though US is not highly related to it, youngsters in more countries are also having a lot on shoulders of the cost to maintain social insurance for elderly people in aging society in addition to the rising living costs.
