Fed survey shows 40 percent of adults still can't cover $400 emergency expense
https://www.cnbc.com/2018/05/22/fed-sur ... pense.html
Let's discuss or post articles about US auto loan trends.
https://www.marketwatch.com/story/car-b ... 2017-07-03 from July 2017 says
As car buyers’ obsession with bigger, pricier vehicles grows, so does their willingness to take longer to pay for them, says new analysis from Edmunds.com.
The average auto-loan length reached an all-time high of 69.3 months in June. That’s 6.8% longer than five years ago...
https://www.edmunds.com/car-buying/bein ... -down.html says
Over recent years, we've seen a rise in the number of people underwater, as well as the amount of negative equity they have in their cars. In 2012, for example, only about 23 percent of cars traded in were worth less than what was owed on them. Compare that to the last quarter of 2017 when the 32.5 percent of trade-ins had negative equity. The amount of negative equity has also increased, up from $4,500 in 2015 to $5,100 in 2017.
Gotta wonder with the all of the above and US auto buyers flocking to SUVs, trucks and crossovers instead of sticking w/more efficient vehicles.