The cost of a new car in America is now on average $47,000. Monthly car payments are over $700 for many people.
The average cost of a new car is also at the highest on record, topping $47,000 a pop. At this rate, an essential household purchase is starting to feel like a luxury in America. https://t.co/zENtYGxCSO
— NPR (@NPR) July 3, 2022
$47,000 is a ton of money for any new car.
It is not a good sign to see stories describing how a new car purchase is some type of luxury item. In today’s economy, a car is essential for many people. It is needed to travel to work, to conduct business etc..
When Henry Ford originally rolled out the Model-T in the early 20th century, he wanted his vehicle to be affordable to everybody including his own workers. We are far from that vision today.
I would expect inflation to get increasingly worse too. We have a Jewish regime in Washington DC that is doing everything they can to exacerbate the inflationary issues we have. It is not a good situation.
