The Federal Reserve reports a record 7 million Americans are three months or more behind on their car payments, in a worrying sign for the U.S. economy. The rate of auto loan defaults is even higher than it was in 2010, when U.S. unemployment topped 10 percent at the height of the Great Recession.
A Record 7 Million Americans At Least 90 Days Behind on Car Payments
HeadlineFeb 14, 2019