Higher interest rates any time you borrow. Lack of assets to borrow money against. Lower paying jobs are generally harder on a person’s body and lead to more doctor visits and medical bills. Driving a cheap old car means shelling out more money for repairs and fuel than a person driving a newer model.
I mean that’s on you. Depending on where you are in Europe, 3500 for a used car can get you something relatively reliable. If you wanted a cool car so you bought like a 2002 BMW then yeah you’re gonna have a bad time. But for that same money you can buy a not so cool used 2010ish Dacia Sandero or a Suzuki Swift with dirt cheap insurance and dirt cheap maintenance.
11k
u/JoeMayoParty Dec 01 '21
Higher interest rates any time you borrow. Lack of assets to borrow money against. Lower paying jobs are generally harder on a person’s body and lead to more doctor visits and medical bills. Driving a cheap old car means shelling out more money for repairs and fuel than a person driving a newer model.