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Cake day: July 3rd, 2023
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No_Eponym@lemmy.cato
News@lemmy.world•Lower-Income Americans Are Missing Car Payments | Inflation and a tough job market are making it harder for some people to pay back the car loans they signed in better times.
81·11 days ago- they have mobility needs that are incompatible with local transit and/or make typical cars more expensive.
- they have family/other needs that mean they need a safer, more reliable car.
- they will lose their job if they are ever late, so need to prioritize reliability.
- they work multiple jobs, and/or have other requirements (child care, elder care, etc) that are incompatible with transit in their area and/or cannot be out off while a car is getting repaired.
- they are unable to DIY repair older used cars, cannot accommodate potentially extreme repair bills, and can’t assess if an older car is reliable to buy in the first place.
- the financing company will not give them a loan for something that doesn’t have enough value to avoid depreciating past the point of recouping losses over the life of the lease.
- the insurance company will not insure older cars at a rate that is doable for the driver.
- they don’t have the lump sum savings to buy a car outright, and loans are the only way to go to be able to continue to live and meet their life demands.
No_Eponym@lemmy.cato
News@lemmy.world•Trump suggests US will buy Argentinian beef to bring down prices for American consumers
2·11 days agoThe truth is, I’m making ragù.
No_Eponym@lemmy.cato
News@lemmy.world•Generals silent as Hegseth ends ‘warrior ethos’ rally speech
5·1 month agoSchwarzkopf didn’t stay away from military matters completely, however. In 2003, the retired four-star general spoke out against the invasion of Iraq under President George W. Bush.
There you go folks, Pete just said you can criticise the president.


Or put another way, have the unemployed been able to afford to eat at Chipotles up until this point? Strong doubt.