Bidenomics Hangover: Late car payments hit highest level in decades

Laying off excess gov't workers? That's a good thing. Excessive gov't spending drove up inflation during Bidenomics.
Why did it not happen during Trump when he spent muchas dollars on the pandemic?
 
In related news my giant V8 gas truck cancels out the climate benefits of at least a dozen EV's :muahaha:
I think "giant v8 gas truck" is an outdated term, and offensive to boot.
I refer to my truck as a "hydrocarbon fueled eco-vehicle".
 
Gosh. I haven't had a car payment in decades. I look at it like this. if I can't afford to buy it outright, I don't really need it.

That may come off as sounding elitist or some shit like that, but it's not meant to be.

It's just the way that I look at the whole car payment thing.
 
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Just another indication that Trump needs to push forward his plan to cut income inequality in America!

The plan he has always had, that is the main reason for creating MAGA in the first place!

What other reason could have led to his huge popularity with the impoverished working class?
 
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.

And when you pick ones with the Biden/Harris sticker on them, there's usually a set of jumper cables in the trunk.
 
Gosh. I haven't had a car payment in decades. I look at it like this. if I can't afford to buy it outright, I don't really need it.

That may come off as sounding elitist or some shit like that, but it's not meant to be.

It's just the way that I look at the whole car payment thing.
It's hard to pass on 0% interest.
 
I had been putting off replacing my 2009 for a while. Pulled the trigger in December with desire to get things done before Trump's inauguration and his national sales tax in form of tariffs.
 

"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."




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

Another issue is credit card default
 

"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."




Democrats are still shaking their heads and asking themselves why Trump won. This is why. Bidenomics pummeled the working class for four years.
This is ALL Trumpflation now. No more blaming Biden.
Trump said he could "fix" inflation on day one. He didn't, meaning he must not have wanted to.
So now he owns it along with congressional Republicans who enable his destruction of our economy.
 
This is ALL Trumpflation now. No more blaming Biden.
Trump said he could "fix" inflation on day one. He didn't, meaning he must not have wanted to.
So now he owns it along with congressional Republicans who enable his destruction of our economy.

Good grief. Just good grief

You missed the part payments are three months past due didn't you
 

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