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It’s kind of crazy that people think spending $50,000 on a car is okay now. When I was a kid $30,000 was getting a bit fancy. Now that was 15 years ago but damn. I spent 20k on a newish car that I intend on keeping for 20 years. I still feel weird about it considering I probably could have bought a 2012 honda fit and done the same.

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Some 44 million people in the United States now owe more than $1.5 trillion in student. wiping away the $1.4 trillion in outstanding loan debt for the 44 million Americans who carry it could boost.

The tough truth is that getting by in America today without borrowing money is.. Collectively, we owe more than $1 trillion on our car loans,

Americans now owe more than a trillion dollars in credit card debt – the first time the national credit card bill has crossed the trillion-dollar mark since 2008. Credit cards are now the third category of consumer lending to top a trillion dollars, after car loans and student debt.

American car buyers are borrowing like never before-and missing. The US closed out 2016 with just shy of $1.2 trillion in outstanding auto loan debt, Total household debt levels are now a hair under their 2008 peak, with.

Student loan debt now exceeds what Americans owe on car loans ($1.1 trillion) and credit cards (slightly less than $1 trillion), according to a CNN Money report. And the annual costs for tuition, and.

As interest rates rise and vehicles become more expensive, that new-car smell increasingly comes with larger loans and lengthier terms. Americans now owe nearly $1.3 trillion in auto debt. In January.

The conversation surrounding the nation’s $1.6 trillion of student loan debt has never been louder. because "virtually no.

Last year, Americans. 1.5% last year, and 9% since 2005, according to US transportation department data. total household debt levels are now a hair under their 2008 peak, with some of the fastest.

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Car prices are up. Kelley Blue Bookpegged the average price for a new vehicle last month at $37,285. At the same time, auto loan debt is at its highest level ever, and that’s alarming to consumer advocates like Emily Rusch. "Americans now owe $1.2 trillion on their car loans," she said.