The following chart shows the average amount financed on a new car divided by the average hourly earnings of production and nonsupervisory employees.
Click to enlarge.
1,800 hours of work appears to be the limit. This is in addition to the interest on that financing.
The following chart shows the year over year change.
Click to enlarge.
This post inspired by Auto financing and consumer credit as seen at Wasatch Economics.
Source Data:
St. Louis Fed: Custom Chart
Trends in Educational Attainment in the U.S. Labor Force
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The first graph shows the unemployment rate by four levels of education
(all groups are 25 years and older) through April 2024. Note: This is an
update to ...
12 hours ago
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