SM
Steve Mollman
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- Car loan payments push Americans ‘closer to the financial edge’ with severe delinquency rate the highest in 17 years2 Mar 2023—FortuneIt’s hard to get a solid read on today’s economy, with the lowest unemployment rate in 53 years countering headlines of mass layoffs at companies like Amazon and Microsoft. CEOs and economists can’t seem to agree on whether it’s a recession or soft landing up ahead. One thing, however, is in little doubt: More Americans are struggling to make their car payments. Banks have warned for months about a potential wave of missed loan payments. Now, the most recent data from Cox Automotive, for...
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