America's Debt Debacle: Why are so many consumers behind on their auto loans?

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America's Debt Debacle: Why are so many consumers behind on their auto loans?
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  • 📰 Forbes
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More than 7 million car owners are more than 90 days overdue with payments, higher than during the economic crisis a decade ago

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Americans — particularly millennials — are alarmingly late on car paymentsAmericans — particularly millennials — are alarmingly late on car paymentsA record seven million Americans are more than 90 days late on their auto loan payments, and millennials are clearly leading delinquency rates, according to a report by the New York Fed.
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