We gutted & destroyed historic cities and created an entire sprawling built environment around only one way of getting around. So, of course this ends up happening, along with the $4.00+/gallon gasoline that's becoming the norm to go with it.
BREAKING: America’s $1.7 trillion auto loan market is headed for a crash, per Reuters.
Auto loans are now one of the biggest sources of household debt, bigger than credit cards.
And the strain is showing: 1 in 5 Americans is behind on at least one loan, the highest since 2010, and the average car on the road is now nearly 13 years old, a record.