Thursday, October 31, 2024

Dems gonna "forgive" their loans too??!!-----A Third of Americans Are Underwater on Their Auto Loan | The Epoch Times

As vehicle prices continue to rise at a rate greater than overall inflation, Americans are struggling to pay for the cars they already purchased. -  Austin Alonzo 
  • In that quarter, the average underwater loan amount was $6,458. The previous record of $6,255 was set in the second quarter of 2024.
  • Moreover, according to Edmunds, 22 percent of vehicle owners in a negative equity situation owe more than $10,000 on their car loans, and 7.5 percent owe more than $15,000...
  •  Now, he said, Americans are collectively carrying a record amount of more than $600 billion in credit card debt from month to month, with an average interest rate close to 25 percent...

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