Bidenomics Hangover: Late car payments hit highest level in decades

[DonGlock26]

"Late car payments hit highest level in decades​

Americans are missing their car payments at the highest rate in more than 30 years, data shows.

According to Fitch Ratings, 6.56 percent of subprime auto borrowers were are at least 60 days past due on their loans in January, the most since the agency began collecting the data in 1994.

The findings highlight the financial strain many Americans are feeling, as rising costs and high interest rates make it harder to keep up with their bills.

A recent report from the Federal Reserve Bank of New York also found more borrowers falling behind on their car payments. In the fourth quarter of 2024, the share of auto loans among all borrowers that transitioned into serious delinquency — 90 days or more past due — rose to 3 percent, the highest level since 2010."

Late car payments hit highest level in decades

Americans are falling behind on their monthly car payments at the highest rate in more than 30 years.

thehill.com

Democrats are still shaking their heads and asking themselves why Trump won. This is why. Bidenomics pummeled the working class for four years.

 

[Godboy]

My 2019 Honda Civic Sport will be paid off in 3 months!

 

[toobfreak]

Americans are missing their car payments at the highest rate in more than 30 years, data shows.​

Looks then like I better stick with my usual plan of just stealing a car when I need one. I only pick cars with Biden or Harris stickers on them then leave them in the projects with the keys in and the motor running.

 

[IM2]

Blah, blah, blah. Bidenomics was a success.

 

[Crepitus]

"Late car payments hit highest level in decades​

Americans are missing their car payments at the highest rate in more than 30 years, data shows.

According to Fitch Ratings, 6.56 percent of subprime auto borrowers were are at least 60 days past due on their loans in January, the most since the agency began collecting the data in 1994.

The findings highlight the financial strain many Americans are feeling, as rising costs and high interest rates make it harder to keep up with their bills.

A recent report from the Federal Reserve Bank of New York also found more borrowers falling behind on their car payments. In the fourth quarter of 2024, the share of auto loans among all borrowers that transitioned into serious delinquency — 90 days or more past due — rose to 3 percent, the highest level since 2010."

Late car payments hit highest level in decades

Americans are falling behind on their monthly car payments at the highest rate in more than 30 years.

thehill.com

Democrats are still shaking their heads and asking themselves why Trump won. This is why. Bidenomics pummeled the working class for four years.

LMAO @ "holdover".

You know tRump/elmo is firing people and killing the economy, tight?

 

[Scoutster]

Blah, blah, blah. Bidenomics was a success.

 

[Thinker101]

Blah, blah, blah. Bidenomics was a success.

Hell, that sure explains why Dems stopped using the term...moron.

 

[eagle1462010]

Ill never buy a new car again. Over priced

 

[BluesLegend]

In related news my giant V8 gas truck cancels out the climate benefits of at least a dozen EV's

 

[IM2]

Apparently you're another gateway pundit reader.

 

[IDIOCRACY]

Speaking as a lifelong supporter of Democrat liberalisms, this is Trump's fault.

 

[IDIOCRACY]

My 2019 Honda Civic Sport will be paid off in 3 months!

Congrats

 

[IDIOCRACY]

Ill never buy a new car again. Over priced

Same here. A good used one is the way to go. Thanks to covid and Bidenomics, the 2014 Outback I bought Nov. 2019 is worth 3-4K less than what I paid for it, not too shabby. Way better is the 2013 Tundra I bought Feb. 2020, because it's worth 10-12K more than I paid for it.

I only put 2500 or so miles a year on the Tundra. 10K a year on the Outback.

 

[Doc7505]

LMAO @ "holdover".

You know tRump/elmo is firing people and killing the economy, tight?

~~~~~~
Trump hasn't been in office two months yet. So your response is biased at best.

 

[Captain Caveman]

"Late car payments hit highest level in decades​

Americans are missing their car payments at the highest rate in more than 30 years, data shows.

According to Fitch Ratings, 6.56 percent of subprime auto borrowers were are at least 60 days past due on their loans in January, the most since the agency began collecting the data in 1994.

The findings highlight the financial strain many Americans are feeling, as rising costs and high interest rates make it harder to keep up with their bills.

A recent report from the Federal Reserve Bank of New York also found more borrowers falling behind on their car payments. In the fourth quarter of 2024, the share of auto loans among all borrowers that transitioned into serious delinquency — 90 days or more past due — rose to 3 percent, the highest level since 2010."

Late car payments hit highest level in decades

Americans are falling behind on their monthly car payments at the highest rate in more than 30 years.

thehill.com

Democrats are still shaking their heads and asking themselves why Trump won. This is why. Bidenomics pummeled the working class for four years.

Democrats claimed it was a strong economy (which it was - only on paper). But in reality, personal debt was spiralling, cost of living was crippling many household finances, and the fallout is bound to happen. And when this fallout lands in 2025, the Democrats will blame Trump.

It's as obvious as a puppy sitting beside a big pile of poo.

 

[22lcidw]

Blah, blah, blah. Bidenomics was a success.

The 25% inflation was a success. Most people who were on fixed incomes or partially fixed lost that much perhaps 10% to 15% of spending power during the reign of Joe. People are struggling.

 

[Mac1958]

Yet when inevitable global inflation hit just weeks after Biden was sworn in, it was all his fault.

Trumpsters just aren't to be taken seriously. They're loud, but they're ignorant.

 

[frigidweirdo]

"Late car payments hit highest level in decades​

Americans are missing their car payments at the highest rate in more than 30 years, data shows.

According to Fitch Ratings, 6.56 percent of subprime auto borrowers were are at least 60 days past due on their loans in January, the most since the agency began collecting the data in 1994.

The findings highlight the financial strain many Americans are feeling, as rising costs and high interest rates make it harder to keep up with their bills.

A recent report from the Federal Reserve Bank of New York also found more borrowers falling behind on their car payments. In the fourth quarter of 2024, the share of auto loans among all borrowers that transitioned into serious delinquency — 90 days or more past due — rose to 3 percent, the highest level since 2010."

Late car payments hit highest level in decades

Americans are falling behind on their monthly car payments at the highest rate in more than 30 years.

thehill.com

Democrats are still shaking their heads and asking themselves why Trump won. This is why. Bidenomics pummeled the working class for four years.

So, Trump won the election in 2016 and before he'd even entered office he was crediting himself with improving the economy. Now it's not doing well, two months in, he's blaming Biden.

Why doesn't this surprise anyone that such fucking narcist would do such a thing?

 

[22lcidw]

So, Trump won the election in 2016 and before he'd even entered office he was crediting himself with improving the economy. Now it's not doing well, two months in, he's blaming Biden.

Why doesn't this surprise anyone that such fucking narcist would do such a thing?

You lie.

 

[DonGlock26]

So, Trump won the election in 2016 and before he'd even entered office he was crediting himself with improving the economy. Now it's not doing well, two months in, he's blaming Biden.

Why doesn't this surprise anyone that such fucking narcist would do such a thing?

No, I'm blaming Biden based on the OP statistics, and when they were gathered.