Source: www.marketbeat.com/articles/amex-profits-fall-9-as-customers-fall-behind-on-payments-2023-01-27/
And this is just the beginning, sad.
Americans Fall Behind on Car Payments at Higher Rate Than in 2009 — Automobile repossessions are climbing as inflation forces struggling consumers to make tough choices.
Losing his car was just the beginning.
When 21-year-old Kobe Hatch walked outside his Chicago home in December and couldn’t find his 2013 Dodge Journey, he knew it had been repossessed. He’d been falling behind on payments for months.
Context: second worst drop in real disposable income EVER, behind Great Depression year of 1932: t.co/0A5VH2ZaY3 pic.twitter.com/hl7sXfvlSJ
— EJ Antoni (@RealEJAntoni) January 26, 2023
h/t BoatSurfer600
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