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Americans with six-figure incomes are in 'survival mode'
(www.usatoday.com)
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this post was submitted on 14 Nov 2025
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$30k was an expensive car… 10 years ago. The average price for a new car topped $50k last month. $30k in my area would maybe get you a used car, probably two or three years old from a car rental company dumping old inventory with too many miles. The used car market still hasn’t calmed down after the component shortage that nearly halted new car production a few years ago. And since used car prices are still astronomically inflated, new cars can sell for whatever the hell they want and they’ll still have wait-lists.
Covid and post covid, used cars are insane. When I bought that car, I could have gotten a 2 year old version of it with 70k miles on it for 27k or a new one for 30. The loan was 0.9% so it didn't make any sense to get the used one.