In 1985, a decked-out GMC C-1500 4X4 was $9,625.
The average wage was $16,822.51 per year.
I really wanted that truck back then. Couldn’t afford it.
What has changed since about 2008 is that virtually anyone can qualify for a $300 or so monthly payment - even if it lasts 60-70+ Month.
This created an additional MAJOR debt issue that will be upon us soon enough.
And any one who has Bonds may very well own some "trench" of these debts. Poop will be hitting the fan when these go south