There really wasn't anything to spend your money on during that time. The number of people 60 days or more behind on auto loans is increased over 20% year over year. Severe delinquencies are at their highest since 2006. Loan defaults are up 33% and repossessions are up 11%.
As prices on things like groceries, gas, and cars continue to rise, other hidden impacts are contributing to the squeeze on the middle to lower class. Get the facts first with Morning Wire.
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