Event JSON
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"Cars were once a financial engine of America’s middle class. Now they’re a ‘wealth killer.’"
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"The article highlights the struggles of Chezni Carrion, a single mother who had to take out a larger car loan to afford a used car after her previous car broke down. The article notes that many Americans are facing similar struggles, with rising prices and interest rates making it difficult to afford cars. The article also explores the advice of personal finance experts, who recommend buying used cars, putting down 20% as a down payment, and agreeing to monthly payments that are below 10% of take-home income. However, the article notes that these recommendations may not be practical for many Americans, particularly those living in areas with limited public transportation options."
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