"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."
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.