Credit Card and Auto Loan Delinquencies Surge on Back of Bidenflation
Spending by American consumers has kept the economy humming at an unexpectedly fast clip over the past year. The dark side is that credit card and auto loan delinquencies are surging. “Both auto loans and credit cards have seen particular worsening of new delinquencies, with transition rates now above pre-pandemic levels,” the Federal Reserve Bank …
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