Americans Behind on Car Payments at Highest Rate in Decades

Auto loan delinquencies have hit a 30-year high, with 6.56% of subprime borrowers at least 60 days behind on payments in January, according to Fitch Ratings.

Rising car prices, high borrowing costs, and inflation are driving more repossessions, while serious delinquencies (90+ days) reached 3% in Q4, the highest since 2010.

The economic slowdown, Trump’s trade wars, and financial strain on lower-income borrowers are fueling concerns, Financial Advisor has reported.

Delinquencies typically peak early in the year before improving with tax refunds, but consumer debt and confidence are also showing signs of decline.

read more: https://www.fa-mag.com/news/americans-fall-behind-on-car-payments-at-highest-rate-in-decades-81622.html

👍 Like this video if you want more updates on financial trends and consumer debt issues!

💬 Comment below—are rising car prices and borrowing costs making it harder for people to keep up with payments? How do you see this trend affecting the economy?

🔗 Share this video to raise awareness about the growing auto loan crisis and its impact on consumers.

💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button! Your support helps us bring you in-depth coverage of economic trends and financial news.

👉 Don’t forget to subscribe for the latest updates on debt, inflation, and financial markets!

Thanks for watching and supporting the channel! 🚗📉

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Follow Me On Truth Social
https://truthsocial.com/@BC_Begley

Follow Me On BlueSky
https://bsky.app/profile/bcbegley.bsky.social

#AutoLoanCrisis, #DebtDelinquencies, #EconomicSlowdown