For decades, purchasing a car symbolized many of the most aspirational things in the American dream: independence, freedom and, in some ways, progress. Having a car meant you were a functioning adult, no longer bound by bus routes or the limitations of walking everywhere. But as the cost of owning and maintaining a vehicle continues […]
Record Auto Delinquencies Signal Widespread Consumer Stress
Heavy payments on cars are starting to weigh people down across the U.S., since vehicles cost more while interest rates stay high. Not too long ago, it seemed like just a short-term bump now it digs into family budgets in serious ways. Late payments on car loans climb sharply, particularly for those with shaky credit […]