Auto loans could pose a bigger threat to young Americans than student loans. For the first time, the outstanding volume of auto loan debt just surpassed student loan debt.
Auto loans are terrible and I always pay them off as soon as I can, but they will never really be that big a threat because you CAN sell your car and buy a substantially cheaper one, in most cases. Sometimes you can sell your car and just use public transit or bike/walk.
I quit the career my major gave me after 7 years and now I'm doing something totally different... I won't say I regret it because my old industry is how I got the new industry connections to make them change but yeah.. I'm using none of what I learned.
Be careful about turning your hobbies into careers, kids! You just might start associating it with work stress and stop doing it entirely
Opposite for me. My degree is editing/motion graphics but my first job killed that passion pretty hard. Now I've got "engineer" in my title but I wish I went to school for mechanical engineering
People still need cars, usually. So people who owe $50k on a car can sell and buy a $20k car while people with $20k cars are selling to that person and buying a $5k car or whatever. People are in different ranges based on their situation with income and needs.