IPFS News Link • Economy - Economics USA
Car Owners Fall Behind on Payments at Highest Rate on Record
• BloombergAmericans are falling behind on their auto loans at the highest rate in nearly three decades.
With interest rate hikes making newer loans more expensive, millions of car owners are struggling to afford their payments. It's a clear indication of distress at a time when the economy is sending mixed signals, particularly about the health of consumer spending.