Auto Loan Woes: Two Economies in America?
Update: 2025-09-30
Description
Auto sector bankruptcies are sounding alarms about the financial strain on low-income households and migrant workers. With First Brands and Tricolor Holdings filing for bankruptcy, concerns are rising about high interest rates and expensive used cars squeezing already tight budgets. While the overall U.S. credit market remains stable, a two-economy dynamic is emerging, with lower-income families facing increasing financial pressures and rising auto loan delinquencies. Is this a sign of deeper troubles ahead for consumer credit?
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