Wall Street is not worried it’s some of the highest stock prices ever
fellowuscitizen on
Simple actions: Higher wages, low interest rates, and damn it, lower the prices on new vehicles.
Calm-Armadillo-5614 on
Now you’re worried? What did you think would happen when the cost of everything raised exponentially?
AINonsense on
Ohnoes!
CEOs and investors and tech bros eek all the money from the regular peeps, and now the consumer is an endangered species and there’s no-one left to pump and fatten their pocketsizz!
Who knew?
sedatedlife on
The best thing i ever did was get rid of owning a vehicle completely.
mcs5280 on
This means stonks go up btw
GhazelleBerner on
Wait until people stop paying their credit cards.
EmployerDry6368 on
I can afford one no problem, I just REFUSE to buy a car or anything during this regime, Made all my major purchase in Dec 24. Food, fuel, medicine only for the next 4 years.
Negative_Gravitas on
I grew up in a rural American West and go there frequently. Cars? Yes, problematic, I’m sure.
But I see a whole lot of trucks out there that represent a very large percentage of the value entailed in the driver’s homes.
Sad_Confection5902 on
Somehow they thought they could erase the entire middle class and then maintain the economy as usual.
The next crash will be entirely of Wall Streets creation. The number of people living paycheck to paycheck has grown by an incredible amount and they are going to dry up non-essential spending across the board.
travio on
The AI bubble has sent the stock market soaring and data center spending has hidden the true state of our economy. The Magnificent Seven stocks account for most of the stock market gains and all but Apple are neck deep in AI spending. A Harvard economist found that without that AI date center spending, our GDP growth in the first half of 2025 was 0.1%.
Trump’s tariffs are further squeezing consumers when consumer spending is already stagnant and prices are rising. The AI bubble also sucks down power like my old Game Gear did with its six AAs leading to huge power bill increases.
Add to all that, the Big Beautiful bill threatens 700 rural hospitals with closure over medicaid cuts while it is setting our insurance costs to skyrocket. SNAP cuts will further pinch poorer folks spending and could lead to independent grocery stores that rely on SNAP spending to keep their stores open shuttering.
Our economy has been fucked for a while. The moment that AI bubble starts wobbling, everyone will finally realize it.
Yabakunaiyoooo on
Oh no! What are Americans going to live in??? (This is a complex joke about the sad reality that many people can’t afford a home and are forced to live in their cars because we live in a dystopian hellscape where we have more money and resources than ever in history and yet income inequality is insanely visible)
tiggie_7 on
Good, in a way. I’d absolutely loveeee to see millions and millions of Americans collectively agree to absolutely BOYCOTT buying any news cars for an entire year, or anything new and non-essential for that matter, until government fixes some shit.. (a lot of shit). BOYCOTT the economy, boycott Wall Street. Take away their profits. It’s the biggest thing that scares them. You only vote with your money in the US
Shadowhawk0000 on
Average price of a new car in America is now up to $52,183. That’s just insane.
mishaindigo on
Maybe Wall Street should stop propping up and kowtowing to this administration, then.
BF1shY on
Good thing America has such great pedestrian infrastructure and public transit! America invested in 1 mode of transportation; cars. What could go wrong!?
Manyconnections on
Americans can no longer afford overpriced trash that should be 30-50% less than the msrp*****
Ge856293 on
Trumponomics
Fickle-Molasses-903 on
There’s a bubble that will burst sooner rather than later, and it won’t be pretty. There are a lot of people who’s debt is increasing and others who are dipping into their savings. Many people will blame it on immigrants and the previous administration, because that’s what they tend to do.
root_fifth_octave on
Maybe the landlords took all the money.
sceneturkey on
When I was first buying a used car like 12 years ago, a lot of pretty junky but capable cars were like $600-$900. Now people are trying to sell scrap cars for $1k. Can’t find a usable car for anything less than $2.5k.
homebrew_1 on
Stock exchange doesn’t seem worried.
aquagardener on
Maybe we should try occupying wall street.
jwely on
Ha. We have seen this one before.
> much of which has been sold on to financial institutions in the form of asset-backed securities (ABS).
If you’ve bought a car from a dealer since COVID you’ll also know that you do NOT just offer to pay in cash and get discounts. They WANT to give you a loan, and not just to subprime borrowers with 10%+ APR, everyone. They get paid to generate ABS.
Does anyone remember what happens when demand for the collateralized debt asset class outstrips demand for the underlying?
neoteotihuacan on
Parasite class in a state of panic as host body runs dry of bodily fluids to steal.
smurfsundermybed on
Subprime lending coming back to bite them. Again.
Curious-Plankton-968 on
I’m pretty sure my next car will be another used one, and no older than a 2020. They made shit too expensive to buy and too expensive to maintain. Is the quality actually any better? Probably not. Just cheaper for higher margins in most cases.
Paraxom on
I paid mine off last year, dealership immediately tried to convince me to trade it in for a new car…im gonna drive this car until the wheels fall off
SimTheWorld on
It’s almost like an economy built on inflating quarterly results coupled with massive c-suite incentives isn’t sustainable for individuals. Surely not a bubble!
Dreams-Visions on
I feel like this has been crystalized since those meme tiktok’s of car dealers talking about their $1000+ leases like any of that was normal from a couple years ago.
A lot of people overspending on shit they don’t need. Financial literacy among the majority is exceedingly low.
rapidcreek409 on
Car loans first, then mortgages next. The US is heading for an economic crisis. The AI crowd is partying like it is the gilded age, and in the meantime the majority of the country is going down the tubes. Crypto scams are out of control.
SentientFotoGeek on
The cow has been milked to death.
metz1980 on
This is why when we recently became a three car household (teenage driver) I decided to get a 2005 Ford Freestyle. I had a 2006 back when it was also used but not nearly as old and loved that dang car. So screw it. I’ve had it several months with no problems so far. New car payments are through the roof so I jumped off the hamster wheel. They can’t keep screwing around the middle class and us keep buying new cars.
Which-Arrival6777 on
Wait wait wait capitalism isn’t working again? Tf is that possible
rhetoricalnonsense on
>The ***average price*** of a new car in the US has surged by 35pc since 2019 and surpassed $50,000 this year.
>The ***average monthly paymen***t on a typical loan for a new car is now $761
Are you fucking kidding me (bold / italics mine)?
Dr_Rekooh on
We are in desperate need for collapse and restructuring. I dont know how to adequately redistribute the $79B thats currently being held by the top 1% of of our population, but we should figure it out, and make it happen.
grantrules on
Me and my 300k mile CRV praying to the car gods it makes it another 100k miles.
Small_Cutie8461 on
I mean, what did they expect to happen when they broke the middle class, turned the lower class into the extremely broke class, and push the people who were sitting on that line of being homeless into actual homelessness?
More wealth has been transferred to the ultra wealthy since Trump has been president than has ever happened in American history before. We’re all going broke and chewing on peanuts while they sit around and grill steaks that are $400 apiece. When this whole thing comes crashing down, corporations have no one to blame with themselves. You cannot run a country like this, if you bleed your middle class dry, everything crashes down. No one can pay for your products, your businesses go out of business and then your left, wondering why your business went out of business.
joefred111 on
Can’t afford yer cars.
Can’t afford yer houses.
Can’t afford yer medicines.
Can’t afford yer groceries.
Somthin’s gotta give.
Taurius2 on
Nearly $2 trillion in auto loan debt about to burst. 20% interest rate on auto loans… hahaha GL trying to pay that off. But hey, it’s the price of freedom…yes… $60,000 unpayable debt is pure freedom…
Built-in-Light on
The problem with capitalism is that eventually you run out of other people’s money.
dentistshatehim on
Maybe giving all the money to a few wealthy people then giving them control of the government wasnt the best idea.
lsp2005 on
I read somewhere last week the average new car costs $50,000. I do not understand how that is any way sustainable for a middle class American consumer whose average income is close to that amount per year.
If corporations lay off their employees in the name of AI efficiency, there will not be enough millionaires to sustain all of them. Even though 7% of Americans are millionaires according to Wikipedia, those people only need a household worth of items. Even if they own two or three homes, they still will not purchase enough to sustain all companies. So then if we look outwards to other countries, the middle class has their own local economy and your multinationals are already there and have captured the market. The billionaires only win when everyone has enough to buy needs and wants. Otherwise we all loose.
From_Deep_Space on
Oh is wall street worried? Boo hoo. We’ve been worried about the cost of transportation (and housing and Healthcare and education and food and clean water) for decades now
silk35 on
How can you afford a car when you can barely afford rent and food.
48 Comments
Won’t stop them from undermining living wages
Talk to Tariff Trump.
Wall Street is not worried it’s some of the highest stock prices ever
Simple actions: Higher wages, low interest rates, and damn it, lower the prices on new vehicles.
Now you’re worried? What did you think would happen when the cost of everything raised exponentially?
Ohnoes!
CEOs and investors and tech bros eek all the money from the regular peeps, and now the consumer is an endangered species and there’s no-one left to pump and fatten their pocketsizz!
Who knew?
The best thing i ever did was get rid of owning a vehicle completely.
This means stonks go up btw
Wait until people stop paying their credit cards.
I can afford one no problem, I just REFUSE to buy a car or anything during this regime, Made all my major purchase in Dec 24. Food, fuel, medicine only for the next 4 years.
I grew up in a rural American West and go there frequently. Cars? Yes, problematic, I’m sure.
But I see a whole lot of trucks out there that represent a very large percentage of the value entailed in the driver’s homes.
Somehow they thought they could erase the entire middle class and then maintain the economy as usual.
The next crash will be entirely of Wall Streets creation. The number of people living paycheck to paycheck has grown by an incredible amount and they are going to dry up non-essential spending across the board.
The AI bubble has sent the stock market soaring and data center spending has hidden the true state of our economy. The Magnificent Seven stocks account for most of the stock market gains and all but Apple are neck deep in AI spending. A Harvard economist found that without that AI date center spending, our GDP growth in the first half of 2025 was 0.1%.
Trump’s tariffs are further squeezing consumers when consumer spending is already stagnant and prices are rising. The AI bubble also sucks down power like my old Game Gear did with its six AAs leading to huge power bill increases.
Add to all that, the Big Beautiful bill threatens 700 rural hospitals with closure over medicaid cuts while it is setting our insurance costs to skyrocket. SNAP cuts will further pinch poorer folks spending and could lead to independent grocery stores that rely on SNAP spending to keep their stores open shuttering.
Our economy has been fucked for a while. The moment that AI bubble starts wobbling, everyone will finally realize it.
Oh no! What are Americans going to live in??? (This is a complex joke about the sad reality that many people can’t afford a home and are forced to live in their cars because we live in a dystopian hellscape where we have more money and resources than ever in history and yet income inequality is insanely visible)
Good, in a way. I’d absolutely loveeee to see millions and millions of Americans collectively agree to absolutely BOYCOTT buying any news cars for an entire year, or anything new and non-essential for that matter, until government fixes some shit.. (a lot of shit). BOYCOTT the economy, boycott Wall Street. Take away their profits. It’s the biggest thing that scares them. You only vote with your money in the US
Average price of a new car in America is now up to $52,183. That’s just insane.
Maybe Wall Street should stop propping up and kowtowing to this administration, then.
Good thing America has such great pedestrian infrastructure and public transit! America invested in 1 mode of transportation; cars. What could go wrong!?
Americans can no longer afford overpriced trash that should be 30-50% less than the msrp*****
Trumponomics
There’s a bubble that will burst sooner rather than later, and it won’t be pretty. There are a lot of people who’s debt is increasing and others who are dipping into their savings. Many people will blame it on immigrants and the previous administration, because that’s what they tend to do.
Maybe the landlords took all the money.
When I was first buying a used car like 12 years ago, a lot of pretty junky but capable cars were like $600-$900. Now people are trying to sell scrap cars for $1k. Can’t find a usable car for anything less than $2.5k.
Stock exchange doesn’t seem worried.
Maybe we should try occupying wall street.
Ha. We have seen this one before.
> much of which has been sold on to financial institutions in the form of asset-backed securities (ABS).
If you’ve bought a car from a dealer since COVID you’ll also know that you do NOT just offer to pay in cash and get discounts. They WANT to give you a loan, and not just to subprime borrowers with 10%+ APR, everyone. They get paid to generate ABS.
Does anyone remember what happens when demand for the collateralized debt asset class outstrips demand for the underlying?
Parasite class in a state of panic as host body runs dry of bodily fluids to steal.
Subprime lending coming back to bite them. Again.
I’m pretty sure my next car will be another used one, and no older than a 2020. They made shit too expensive to buy and too expensive to maintain. Is the quality actually any better? Probably not. Just cheaper for higher margins in most cases.
I paid mine off last year, dealership immediately tried to convince me to trade it in for a new car…im gonna drive this car until the wheels fall off
It’s almost like an economy built on inflating quarterly results coupled with massive c-suite incentives isn’t sustainable for individuals. Surely not a bubble!
I feel like this has been crystalized since those meme tiktok’s of car dealers talking about their $1000+ leases like any of that was normal from a couple years ago.
A lot of people overspending on shit they don’t need. Financial literacy among the majority is exceedingly low.
Car loans first, then mortgages next. The US is heading for an economic crisis. The AI crowd is partying like it is the gilded age, and in the meantime the majority of the country is going down the tubes. Crypto scams are out of control.
The cow has been milked to death.
This is why when we recently became a three car household (teenage driver) I decided to get a 2005 Ford Freestyle. I had a 2006 back when it was also used but not nearly as old and loved that dang car. So screw it. I’ve had it several months with no problems so far. New car payments are through the roof so I jumped off the hamster wheel. They can’t keep screwing around the middle class and us keep buying new cars.
Wait wait wait capitalism isn’t working again? Tf is that possible
>The ***average price*** of a new car in the US has surged by 35pc since 2019 and surpassed $50,000 this year.
>The ***average monthly paymen***t on a typical loan for a new car is now $761
Are you fucking kidding me (bold / italics mine)?
We are in desperate need for collapse and restructuring. I dont know how to adequately redistribute the $79B thats currently being held by the top 1% of of our population, but we should figure it out, and make it happen.
Me and my 300k mile CRV praying to the car gods it makes it another 100k miles.
I mean, what did they expect to happen when they broke the middle class, turned the lower class into the extremely broke class, and push the people who were sitting on that line of being homeless into actual homelessness?
More wealth has been transferred to the ultra wealthy since Trump has been president than has ever happened in American history before. We’re all going broke and chewing on peanuts while they sit around and grill steaks that are $400 apiece. When this whole thing comes crashing down, corporations have no one to blame with themselves. You cannot run a country like this, if you bleed your middle class dry, everything crashes down. No one can pay for your products, your businesses go out of business and then your left, wondering why your business went out of business.
Can’t afford yer cars.
Can’t afford yer houses.
Can’t afford yer medicines.
Can’t afford yer groceries.
Somthin’s gotta give.
Nearly $2 trillion in auto loan debt about to burst. 20% interest rate on auto loans… hahaha GL trying to pay that off. But hey, it’s the price of freedom…yes… $60,000 unpayable debt is pure freedom…
The problem with capitalism is that eventually you run out of other people’s money.
Maybe giving all the money to a few wealthy people then giving them control of the government wasnt the best idea.
I read somewhere last week the average new car costs $50,000. I do not understand how that is any way sustainable for a middle class American consumer whose average income is close to that amount per year.
If corporations lay off their employees in the name of AI efficiency, there will not be enough millionaires to sustain all of them. Even though 7% of Americans are millionaires according to Wikipedia, those people only need a household worth of items. Even if they own two or three homes, they still will not purchase enough to sustain all companies. So then if we look outwards to other countries, the middle class has their own local economy and your multinationals are already there and have captured the market. The billionaires only win when everyone has enough to buy needs and wants. Otherwise we all loose.
Oh is wall street worried? Boo hoo. We’ve been worried about the cost of transportation (and housing and Healthcare and education and food and clean water) for decades now
How can you afford a car when you can barely afford rent and food.
[Ungated](https://archive.ph/20251020133213/https://www.telegraph.co.uk/business/2025/10/20/americans-cant-afford-cars-any-more-wall-street-worried/)