Rising Car Loan Delinquencies in America | TPTS

Automobile repossessions are climbing as inflation forces struggling consumers to make tough choices. Late car payments by subprime borrowers rose to 5.67% in Dec, up from 2.58% in Apr 2021, and similar to the peak in Jan 2009 during the Great Recession. Higher interest rates of 8.02% in Dec, up from 5.15% a year earlier, are making it harder to make monthly payments for car loans.   🔔 Stay in the know with RTD! Subscribe to our channel, click the notification bell, and join us for our next live on-air. Bring a topic and let's talk about it! Connect with us 👉 https://www.rtd.news  🚨 Are you ready for the unexpected? Make sure you're prepared with 4Patriots! Stock up on food, power, and medical supplies before it's too late. Plus, as a first-time buyer, you can save 10% at 4Patriots.com with code RTD. Don't wait until SHTF, visit https://www.4patriots.com/rtd now!   📢 Disclaimer: The opinions expressed in this video are for educational and entertainment purposes only. They should not be used for investment decisions or tax advice and do not constitute personalized investment advice. Thank you for watching!