Young Americans are up to their ears in auto debt, and the problem isn't going away.

On average, AutoNews reports that 3.58 percent of 18 to 29-year-olds and 2.62 percent of 30- to 39-year-olds have been late on their auto loans by at least 90 days. For some context, just 2.13 percent of all borrowers are late. Keep in mind, these numbers are overall. In the first quarter of 2023, 4.55 percent of 18- to 29-year-olds were at least 90 days late. 3.66 percent of 30- to 39-year-olds were equally late. We haven’t seen numbers like these since The Great Recession.

  • Shardikprime@lemmy.worldEnglish
    22·
    1 year ago

    Buying used cars is even more eco friendly. Much of the car pollution in the lifetime comes from creating it. Ideally you should use it until it dies on the streets to be eco friendly

    • Hazdaz@lemmy.worldEnglish
      4·
      1 year ago

      Much of the car pollution in the lifetime comes from creating it.

      That’s simply not true, but I am guessing you will continue to regurgitate it as if it is fact.

      • Semi-Hemi-Demigod@kbin.social
        1·
        1 year ago

        Except it is true

        The results reveal that if car owners keep their vehicles on the road 10 percent longer before sending them to the scrapyard, the overall carbon footprint of cars would decrease by 30.7 million tons. That’s the equivalent of a one-percent decrease in CO2 emissions. Researchers say the reason of this is manufacturing new vehicles actually produces more greenhouse gases than continuing to drive existing cars — even if they use gasoline.