Richard Wolff on Auto Loans in Increasing Default

"Auto loans are again in increasing default... What's interesting this time are two things I want to bring to your attention. First, the biggest sufferers, the biggest defaults, the biggest repossessions of cars are cars that are ten years old... more than ever before used cars, even old cheap used cars, cannot be afforded by Americans unless they borrow the money to buy them."

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Prof. Wolff's latest book "UNDERSTANDING SOCIALISM"


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