I’m reading this very interesting article on Wal-Mart leaving West Virginia and there’s a sentence I don’t understand. It must be something cultural:
Already, she spends half her $1,200 post-tax monthly salary on car insurance and repayments.
What are “repayments”? $550 a month sounds like an enormous expense. It’s more than 1/3 our mortgage payment. Does anybody know what it is?