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WHY MILLIONS OF AMERICANS CAN'T AFFORD A CAR
4 months ago
50
Why Millions of Americans Can No Longer Afford a Vehicle examines the reasons behind the increasing unaffordability of vehicles for many in the U.S. It argues that this situation stems from factors beyond simple inflation, including the removal of lower-priced cars through programs like "cash for clunkers" and the lack of accessible low-down payment options at dealerships. The text also highlights how pandemic-related price surges, the reduction in domestic car manufacturing, and the rise in insurance costs contribute to the problem. Ultimately, the author suggests that action is needed to lower overall vehicle prices to make them accessible to more people.
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