In the US, 87% of new cars and a significant 34.5% of used cars are bought with loaned money, bringing national auto debt total up to $1.56 trillion in the first quarter of 2023 - What's the equivalent in Ireland - this would be an interesting piece for @dublininquirer
#CarDebt #Debt #Desperation
https://usa.streetsblog.org/2023/07/24/how-auto-debt-is-holding-millions-of-americans-in-custody-sometimes-literally
Interesting: "At 1.55 trillion, Americans now owe as much on auto loans as they do on student loans - so why is there not the same outcry?" https://money.usnews.com/loans/personal-loans/articles/managing-rising-household-debt-interest-rates
How much is car debt overall in Ireland? A nice one for some eager journalist to look at: national indebtedness for cars, and also for homes #CarDebt