Re:It takes now 53 weeks salary to earn same as 30 weeks in ...
by nbp160130 on Thursday February 20, 2020 @10:36PM
(#22380749)
Again, you're nitpicking. Cars aren't the only form of transportation, and vehicles and loans aren't the only expenses involved. The author advocates looking at categories of expenses rather than single items because it misrepresents the increase in expenses Americans are experiencing.
Re:It takes now 53 weeks salary to earn same as 30 weeks in ...
by scarejunba on Friday February 21, 2020 @12:51AM
(#22381204)
He's not nitpicking. He's pointing out a poor choice of an example.
For instance, I could say "Prime numbers are relatively very rare. For instance, take the first five positive integers, 1,2,3,4,5. 60% of them are prime". I'm both right about my statement and I have a bizarre choice of an example.
It was the author that uses the Dodge Caravan example. Obviously not every single item is going to fit the trend, but why pick such an item as your example.
Your other points are also incorrect. For example, auto loan interest rates are half of what they were in 1996: https://images.app.goo.gl/Bn3ACY7GLV8rFsxj7. The total interest paid on a 36 month loan at 8% (common in 1996) is higher than on a 60 month loan at 4.5% (common today).