Rising old used car prices help push poor Americans over the edge

13th Oct 2019    |    Source: reuters.com

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Business News October 11, 2019 / 11:07 AM / Updated 3 hours ago Rising old used car prices help push poor Americans over the edge Nick Carey 7 Min Read FREEPORT, Ill. (Reuters) - For America’s working poor, an often essential ingredient for getting and keeping a job – having a car – has rarely been more costly, and millions of people are finding it impossible to keep up with payments despite prolonged economic growth and low unemployment. Hollis Heyward shows off the 2005 Pontiac Grand Prix that he bought for $1,300 cash in Freeport, Illinois, U.S., August 12, 2019.