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47 sats \ 2 replies \ @Satosora 7 Aug 2024 \ parent \ on: Consumer Debt in the US Hits Record $17.8 Trillion in Q2 2024 news
Its not investing in a new car when you buy a depreciating asset.
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20 sats \ 1 reply \ @TomK OP 7 Aug 2024
yes i know the wording is a bit wrong. and investment is when the car is used commercially, but in my opinion also when you use it to get to work. otherwise it is of course private consumption
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47 sats \ 0 replies \ @Satosora 7 Aug 2024
Its still a depreciating asset. A new car is never worth buying, just buy used.
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