this post was submitted on 10 Aug 2023
138 points (94.2% liked)

Personal Finance

3829 readers
1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago
MODERATORS
 

Vehicles under $15k are 1.6% of the market, and their share of the market has dropped over 90% since 2019. The old advice that you can get a beater and drive it in to the ground for $5k hasn't been true for years but it still seems pervasive in personal finance spaces.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 1 year ago

Absolutely, I think there's an argument to be made for that too. Increased automation doesn't necessarily increase safety when the skill of doing the task without the automation is lost. For example, hand flying planes has become a struggle for airline pilots that some argue have become overly reliant on automation to the point of it being a detriment to safety when something goes wrong and they can no longer handle an emergency situation without the automation being available to them.