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text:

"After mortgages, car loans are now the biggest source of Americans' debt.

Americans spend far more of their income (16%) on transport than Europeans (11%). (Source: itdp.org/2024/01/24/h...)

Key cause: Most Americans must drive, and US cars are gigantic and pricey.

jalopnik.com/car-loans-pa..."

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title:

"Car Loans Pass Student Loans To Become Largest Debt Other Than A Mortgage"

description:

"This news can't be good for the U.S. economy at all."

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createdAt:

"2024-09-18T11:50:00.860Z"