“A Record 7 Million Behind on Car Loans”, The Philadelphia Inquirer, 2/13/19
The Federal Reserve Bank of New York reported that, “A record seven million Americans are 90 days or more behind on their auto loan payments. Despite a strong economy, economists are warning that Americans are struggling. Although a car loan is the first payment people make because a vehicle is critical to getting to work, when car loan delinquencies rise, it is a sign that many American are under duress.”
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