Nearly a quarter of Americans who traded in a car for a new one was upside down on their loan, Edmunds says. The amount some owe is \
Medora Lee is a money, economics, and personal finance reporter, with her work appearing in publications such as USA TODAY, Ames Tribune, Chicago Sun-Times, and Yahoo Finance Singapore. She specializes in providing informative and timely articles on topics such as credit card usage, student loans, tax deductions, and financial aid for college. Medora's reporting aims to help readers navigate the complex world of personal finance and make informed decisions about their money.