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7 million Americans Behind on Auto Loan Payments, a Red Flag For The Economy

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A record 7 million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported. That is even more than during the wake of the financial crisis.

Economists warn that this is a red flag. Despite the strong economy and low unemployment rate, many Americans are struggling to pay their bills.
 

https://www.washingtonpost.com/business/2019/02/12/record-million-americans-are-months-behind-their-car-payments-red-flag-economy/?utm_term=.c9d07347760f

 

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