US EditionDo you live in a city where everyone spends more than 50% of their take-home pay on car loans?
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Do you live in a city where everyone spends more than 50% of their take-home pay on car loans?
zorandimzr via iStockIt starts off as a happy-go-lucky scene: Rolling off the lot in a new (or used) vehicle, looking fresh, feeling luxurious, and thinking you’ve just made a huge upgrade. The payments seem manageable at first. Then reality sets in. Each month, the car loan eats up a bigger slice of take-home pay than groceries, healthcare, or utilities. For many Americans, this isn’t just a far-off theoretical. It’s their daunting reality. A n…
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