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that's not the point. the point is that there are people who can't afford to save money in the long run. not like metaphorically can't afford, like literally mathematically cannot afford.
they are trapped by their existing financial burdens which they already cannot meet and which are getting larger every month thanks to compound interest.
inflation, which normally has the effect of reducing the value of debts over time, is instead making their financial burdens effectively larger too. as inflation drives up the cost of living, wages stay the same and they have ever less of their income available to make debt payments as a result.
I'd hazard a guess they are in hard financial situation due to their lack of self-control and poor finance management. Adding on top of that 30k$ and contract for number of years exacerbates the problem. If you can't afford 1000$ used car, you can't afford 30k$ new car in 200 installments either.
62% of Americans are living paycheck to paycheck.
Don't play this 'they're not good with their money' libertarian bullshit. People aren't being paid very well and essentials have shot up in price.
Saving even $800 is beyond many people's reach.
Am not playing anything. It's like someone doesn't have food to eat this month but decide to buy 60$ game. That person has issues prioritizing and managing money and even if they had more money they'd spend it on stupid stuff.
But you are right, things are more expensive while salaries have remained the same. There's no question about it. However managing your finances is a required skill, even if you earn a lot more than you need. I've seen far too many cases where people who had good income still ended up in debt. You need not look further than lottery winners. Huge amounts of money and most of them end up bankrupt or dead.
Its funny how all you have to hear is "someone is broke" and you already have ideas about their moral character.
If you are broke then you don't buy a new car. Simple as that. Whole argument here is new vs used car. Original commenter is a proponent that car payments are a trap and that used car should be preferred, followed by counter argument that many people can't save up for used car to be paid in cash and payment plans of 200-300$ a month for 2 years are a better idea. My comment to all of that is if you can't save money for used car, you shouldn't be buying a new car and you have bigger problems to worry about. That money should be used to dig oneself out of debt first, then work on getting car. Has nothing to do with morality.