Reported about 11 hours ago
A growing number of Americans, particularly those with subprime credit scores, are falling behind on car loan payments, reaching the highest delinquency rates since the early 1990s. Current statistics indicate that 6.43% of subprime borrowers are at least 60 days late on payments, highlighting serious economic concerns as the burden of record-high car prices, interest rates, and inflation collectively strain financial resources. This troubling trend reflects disparities within the economy, where many lower-income consumers are struggling while those with better credit continue to manage payments comfortably.
Source: YAHOO