Economy News Rising Car Repossessions Trend Warning Sign For Economy, Report Says Fox Business
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Auto Loans Are a Warning Sign for US Economy
More Americans are falling behind on their car payments, a trend that points to growing financial strain among lower-income households. Data from Fitch Ratings shows that in January, nearly 6.5% of ... Read More
Fact Check Team: The economic impact of high car prices: Rising debt and repossessions
The average price of a new car in the U.S. has officially topped $50,000 for the first time in history, according to Kelley Blue Book. Read More
What do missed car payments mean for the economy? A trend that was ‘apparent before the Great Recession’
Americans are falling behind on car payments. Here’s why that could be a dark omen for the economy - Last year, 1.73 million vehicles were repossessed, which is the highest number since the year follo ... Read More
The economic impact of high car prices in US: Rising debt and repossessions
It’s no surprise that with high car prices, many Americans are struggling to keep up with payments. Fitch Ratings reports that Americans are missing their car payments at the highest rate in ... Read More
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