Comment on Tesla to lay off everyone working on Superchargers, new vehicles
You999@sh.itjust.works 6 months agoThe avarage used car loan in the United States is 26k. That price is not “out of reach for the vast majority of people buying used cars”.
themeatbridge@lemmy.world 6 months ago
The average is not the median, and there’s about 20% of the population living below the poverty line that can’t qualify for a car loan. If you exclude the top 10% that can afford much higher loans, that average goes way down.
You999@sh.itjust.works 6 months ago
Median is 23k…
according to the 2022 US census the poverty rate is 11% not 20%, it hasn’t been above 20% since 1959.