A record 7 million Americans have stopped paying their car loans, and even economists

S

signalmankenneth

Verified User
A record 7 million Americans have stopped paying their car loans, and even economists are surprised

A new report from the Federal Reserve Bank of New York revealed 7 million Americans are behind on their auto payments by at least 90 days

Millions of Americans are struggling with their car payments, and even economists are surprised.

According to a new report from the Federal Reserve Bank of New York, more than 7 million Americans have reached serious delinquency status on their auto loans, meaning they're at least 90 days behind on payments.

https://www.businessinsider.com/auto-loan-delinquency-number-record-new-york-fed-2019-2

Credit card debt surpasses $1 trillion in the US for first time:whoa:


U.S. consumers’ total credit card debt exceeded $1 trillion for the first time, according to a new study by the personal finance website WalletHub.

Consumers took on an additional $92.2 billion in debt last year, the highest single-year amount since 2007. The average U.S. household owes $8,600 on credit cards, WalletHub found.

The accumulation of debt reflected Americans' confidence in the economy, according to Jill Gonzalez, a senior analyst at WalletHub.

“We haven’t seen anything like this,” she told ABC News. “Consumer confidence is at its highest point. Since the recession, people have been saving up for houses, cars ... new furniture and appliances, which often get charged on credit cards.”

https://abcnews.go.com/Business/credit-card-debt-surpasses-trillion-us-time/story?id=53608548

MAGA, MAGA, MAGA!!!
low_President%20Trump%20Up_cover.jpg

What the fuck?!!
 
Last edited:
signalmankenneth said:
A record 7 million Americans have stopped paying their car loans, and even economists are surprised

A new report from the Federal Reserve Bank of New York revealed 7 million Americans are behind on their auto payments by at least 90 days

Millions of Americans are struggling with their car payments, and even economists are surprised.

According to a new report from the Federal Reserve Bank of New York, more than 7 million Americans have reached serious delinquency status on their auto loans, meaning they're at least 90 days behind on payments.

https://www.businessinsider.com/auto-loan-delinquency-number-record-new-york-fed-2019-2

Credit card debt surpasses $1 trillion in the US for first time:whoa:


[FONT=&]U.S. consumers’ total credit card debt exceeded $1 trillion for the first time, according to a new study by the personal finance website WalletHub.
[/FONT]
[FONT=&]Consumers took on an additional $92.2 billion in debt last year, the highest single-year amount since 2007. The average U.S. household owes $8,600 on credit cards, WalletHub found.
[/FONT]
[FONT=&]The accumulation of debt reflected Americans' confidence in the economy, according to Jill Gonzalez, a senior analyst at WalletHub.
[/FONT]
[FONT=&]“We haven’t seen anything like this,” she told ABC News. “Consumer confidence is at its highest point. Since the recession, people have been saving up for houses, cars ... new furniture and appliances, which often get charged on credit cards.”

https://abcnews.go.com/Business/credit-card-debt-surpasses-trillion-us-time/story?id=53608548

MAGA, MAGA, MAGA!!!
[/FONT]
low_President%20Trump%20Up_cover.jpg

[FONT=&]What the f*uck?!!
[/FONT]
Click to expand...

Hope they have a comfortable pair of shoes when they're walking.

Guess I'm excellent since I pay cash for things and don't have a credit card. Trying to set a good example for the personal finance challenged.
 
signalmankenneth said:
A record 7 million Americans have stopped paying their car loans, and even economists are surprised

A new report from the Federal Reserve Bank of New York revealed 7 million Americans are behind on their auto payments by at least 90 days

Millions of Americans are struggling with their car payments, and even economists are surprised.

According to a new report from the Federal Reserve Bank of New York, more than 7 million Americans have reached serious delinquency status on their auto loans, meaning they're at least 90 days behind on payments.

https://www.businessinsider.com/auto-loan-delinquency-number-record-new-york-fed-2019-2

Credit card debt surpasses $1 trillion in the US for first time:whoa:


[FONT=&]U.S. consumers’ total credit card debt exceeded $1 trillion for the first time, according to a new study by the personal finance website WalletHub.
[/FONT]
[FONT=&]Consumers took on an additional $92.2 billion in debt last year, the highest single-year amount since 2007. The average U.S. household owes $8,600 on credit cards, WalletHub found.
[/FONT]
[FONT=&]The accumulation of debt reflected Americans' confidence in the economy, according to Jill Gonzalez, a senior analyst at WalletHub.
[/FONT]
[FONT=&]“We haven’t seen anything like this,” she told ABC News. “Consumer confidence is at its highest point. Since the recession, people have been saving up for houses, cars ... new furniture and appliances, which often get charged on credit cards.”

https://abcnews.go.com/Business/credit-card-debt-surpasses-trillion-us-time/story?id=53608548

MAGA, MAGA, MAGA!!!
[/FONT]
low_President%20Trump%20Up_cover.jpg

[FONT=&]What the f*uck?!!
[/FONT]
Click to expand...

Seriously. How can you blame Trump and the economy on people who cannot watch their money wisely, buy things they cannot afford and then they do not pay their bills? Is that a Democrat thing? Dumb as fuck?
 
What's wrong Kenneth? Credit so bad that you're paying 21% on a used car loan? :rofl2:

I have several friends in the car sales business and low lifes come in all the time and want to buy a $45 and up luxury SUV. Then sales runs a credit check and they make shitty money, have nothing in savings, upside-down on a loan for a car that they failed to maintain and a shitty credit score. So they lowball them on the trade, put them in a cheap used car, install a Lojack and charge them 21% interest on the loan.

There is Big Money to be made in the business selling crap to losers. :rofl2:
 
Dark Soul said:
What's wrong Kenneth? Credit so bad that you're paying 21% on a used car loan? :rofl2:

I have several friends in the car sales business and low lifes come in all the time and want to buy a $45 and up luxury SUV. Then sales runs a credit check and they make shitty money, have nothing in savings, upside-down on a loan for a car that they failed to maintain and a shitty credit score. So they lowball them on the trade, put them in a cheap used car, install a Lojack and charge them 21% interest on the loan.

There is Big Money to be made in the business selling crap to losers. :rofl2:
Click to expand...

Paid cash for the last two vehicles!

Both were SUV's Too!

10.jpg
 
There are serious cracks in the Trump economy. Many economists see a downturn around the corner. Without the Obama economy, what does Trump have to offer? He has zero accomplishments and cannot even staff his administration.
 
You must log in or register to reply here.
Back
Top