It is insane in this era of zero interest rates and free money.
If rates ever went back to historic norms with 5-8% per year annual car loans it would get really ugly.
Of course millions of people with no self control and/or no concept of personal finance or time value of money are revolving 20-30% credit card lines of credit. But it’s the man keeping them down…
TL;DR but this trend is endless till we see some sort of personal finance classes taught in HS. As important as financial awareness is, we do a woeful job in the educational system; if it isn’t learned at home it isn’t learned.
If I’m repeating something from earlier in thread, forgive me.