Homeownership is often seen as the ultimate realization of the “American Dream.” Though the emotions behind that sentiment are still running strong, a recent�report�suggests that consumer spending habits may have different priorities, and that other big purchases now take�precedent�over homes when finances are concerned ? namely, purchasing a car.
The report, which was conducted by credit monitoring firm TransUnion, uncovered several interesting nuances of consumer spending behaviors and how they prioritized among car loans, home loans and credit card loans in 2011:
9.5 percent of those sampled were delinquent on their auto ...
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