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.

  • 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.