People are re-working their budgets these days so they can afford nice things. It's exactly why credit card debt is out control.
Housing Market Update: The Typical U.S. Homebuyer’s Monthly Payment Is Up Nearly 20% From a Year Ago As Prices Rise
The median U.S. home-sale price is up 3.2% year over year, the biggest increase since November, and mortgage rates remain elevated. Prices are increasing largely due to the lack of supply, with inventory posting its biggest drop in 18 months as homeowners grasp onto low rates.www.redfin.com
What’s the Average Car Payment Per Month? - NerdWallet
The average monthly payment is $734 for new cars and $525 for used cars. This is a benchmark as several factors will determine your actual monthly car payment.www.nerdwallet.com
The average mortgage payment is now $2,605. The average new car payment is $725 and used is $516. 61% of America does not have enough savings to cover a $1,000 emergency.
No wonder credit card debt is skyrocketing.
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