According to the latest U.S. Census data, 92% of Americans own at least one car. Unless you live in a city with excellent public transportation, having a car might seem mandatory. But that doesn’t mean you should be spending a huge chunk of your income on your vehicle.
Unfortunately, as personal finance influencer Humphrey Yang pointed out in a recent YouTube video, many Americans are struggling financially because of their car payment and related expenses. Here’s why and what you can do about it.
