Not A Newt@not_a_newt

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U.S. Auto Loans vs 2008 Crash

people can't pay their car loans anymore and the count just hit record highs. this matters because owning a vehicle is essential so payments get prioritized over other expenses. looking across the Bush, Obama, Trump, and Biden terms, current numbers are approaching the levels seen during the 2008 crash. U.S. car loans are showing worrying signals that suggest something serious is happening with debt.

4h

Not A Newt@not_a_newt

Follow

U.S. Auto Loans vs 2008 Crash

people can't pay their car loans anymore and the count just hit record highs. this matters because owning a vehicle is essential so payments get prioritized over other expenses. looking across the Bush, Obama, Trump, and Biden terms, current numbers are approaching the levels seen during the 2008 crash. U.S. car loans are showing worrying signals that suggest something serious is happening with debt.

4h