Millions of Americans are behind on their car payments
Wednesday, 13 February 2019 () Economists are concerned that a record 7 million Americans are at least three months behind on their car loan payments. That's even more than in 2010, at the height of the financial crisis. Washington Post economics correspondent Heather Long joins CBSN with more.
A new report from the New York Federal Reserve claims that 7 million Americans are three months behind on their car payments. This increase means there are currently more people in auto debt than there..
Number of Americans in car loan debt skyrockets. The New York Federal Reserve says that seven million Americans owed payments at the end of last year. That's up from 6 million in 2010. This means that..
While the U.S. economy appears to be booming, with loads of new jobs and low unemployment figures, Americans themselves aren't exactly in a strong financial position. Indeed, Business Insider reports..