Americans Can No Longer Afford Their Cars

For decades, car ownership has been a trademark of the American lifestyle, with vehicles becoming symbols of freedom, independence and even rebellion, as well as a necessity. But in 2024, the country’s legendary love story with the automobile appears to have reached a crucial point of potential no return, as cars have become unaffordable to millions.

Life has generally gotten more expensive in the aftermath of the pandemic, including the cost of cars, car insurance and car…

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