Americans Have Borrowed a Record $968 Billion to Buy New or Used Cars: Study

The financial crisis that hit the U.S. and then the world at the end of the 2000s was caused by a complex interplay of policies that encouraged home ownership, providing easier access to loans. Buying goods with money that is not yours remains a routine that is not just dangerous but it recently reached an all-time high in terms of resources dedicated to the purchase of new and used vehicles. The expression “all-time high&r…