MuskegonPundit: This Is Why Gen Z And Millennial Car Loan Default Rates Are Skyrocketing

...In July, severe mortgage delinquencies increased 55 percent over pre-pandemic levels.
Meanwhile, foreclosures grew 12 percent in August from July 2022 and increased 187 percent from 2021, according to data from ATTOM...
Additionally, 32 percent of American consumers are having trouble paying their bills.
Furthermore, the growth in real average hourly earning isn’t keeping up with inflation, pushing households to borrow more.
The Daily Mail points out that US household debt jumped to $16.5 trillion in the third quarter...
...NBC News article, which highlights that “Gen Z and millennials default on auto loans at far greater rates than before the pandemic.”...

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