Most Americans can't afford new cars

www.nbcnews.com Published: March 25, 2014
Advertisement
;

A car isn't a way to get from point A to point B, it's freedom, says NBC News. Social mobility, a new life in a new town, used to be just a black ribbon of interstate away.



Now, amid stagnant wages and a shaky recovery, the average new car price rose last year by $1,536.

"Americans can only afford used cars," said Louis Hyman, an assistant professor in the labor relations, law, and history department at Cornell University. "The recovery has only been for those at the top and not for normal Americans."

See this story on www.nbcnews.com