Ramsey Show hosts tell military man living in a trailer, paying $1,720 a month in car loans he’s in ‘full-blown crisis’

Core Insights - Eric's financial situation highlights a significant crisis, with overwhelming debt and high monthly expenses despite a decent household income [1][2][3] Income and Debt Breakdown - The household income totals $6,700 per month, which is above the average American household income of $4,784 [3] - Monthly debt payments are substantial, including $1,720 for vehicle payments, which constitutes over 25% of their total income [4] Broader Economic Context - Eric's situation reflects a wider trend in America, where the average new car costs over $50,000 and more than 19% of new car loans have monthly payments exceeding $1,000 [5]