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GeoPulse : Learn how to take control of your money with smart personal finance strategies, simple investing tips, and daily money hacks. In this video, we break down today’s financial news and give you practical steps to grow wealth, save smarter, and invest wisely.

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Transcript
00:00As of this year, 2024, the next model year, there are going to be no economy cars under $20,000.
00:06Everything's going to be $22,000 to $23,000.
00:09We're talking base model, crank windows, nothing, just a basic economy car.
00:14Why is the price so high? Why is it going higher?
00:17Everybody keeps saying it's like the cost of goods and supply chains, but it's BS.
00:20It's all corporate greed.
00:22They can make a good quality car from right around $12,000 to $15,000.
00:26They've been doing it for decades, but for some reason now, you know, they want to blame it on inflation.
00:31This is where they're going, and this is kind of the squeeze it's putting on the used car market.
00:36So every time somebody complains that used car prices are not going down, that they should be because they see used cars everywhere,
00:42it's because those people traditionally would go buy a $15,000 to $20,000 new car or mid-price car,
00:47and now, I mean, you can't even get the cheapest of the cheapest economy car for under $20,000.
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