Young people aren’t paying their car loans. We can help.
Summary
Former FDIC chair Sheila Bair hosts a mock "Car Talk" show to advise young adults on car purchases. She warns callers about the high costs of new vehicles and urges them to consider biking or buying used cars to avoid debt. Bair highlights how saving on a car can significantly boost long-term retirement wealth.
Topics discussed
Introduction: Sheila Bair and young adult debt
Sponsor messages from Dell, Vanguard, and Schwab
Caller Alex: Is buying a car worth the cost?
Caller Kevin: New vs. used car and family pressure
Outro, book promotion, and sponsor messages
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