I’ve seen a lot of economic stuff recently with cars specifically, and I wonder about who is actually making these horrific choices en masse. Obviously every demographic will have a set of people who have zero financial literacy or get very unlucky with the timing of a wreck at a bad financial spot in their lives, but I just can’t imagine that the average working class to middle class White American is the one providing the bulk of stupid car purchases with these awful or predatory loans. The White people in trouble I see are either upper middle class liberal women overextending to flex an electric car (and not doing any research lol) or a lower class White man who wants a big truck that won’t leave the pavement, and they aren’t that big of a group overall.

So are the idiots who support the car market’s insatiable greed composed mostly of financially illiterate immigrants? How much of our economy is based on helping the financially illiterate dig deeper holes?