They’re Skipping Car Payments; That’s The Final Warning Sign
They’re Skipping Car Payments; That’s The Final Warning Sign

www.forbes.com
They’re Skipping Car Payments; That’s The Final Warning Sign

They’re Skipping Car Payments; That’s The Final Warning Sign
They’re Skipping Car Payments; That’s The Final Warning Sign
This and the source lendingtree article are both missing contextual timeline charts. They say it's spiking, but spiking requires context, compared to what baseline?
I don't doubt that there is significant financial stress and that it's likely a very telling data point. 5% on average across the United States seems very significant, what is the baseline of delinquency? What was it this time last year?
it literally takes under a minute to find this info
https://www.federalreserve.gov/econres/notes/feds-notes/rising-auto-loan-delinquencies-and-high-monthly-payments-20240926.html
Which should have been prominently displayed in the article.
While I appreciate you adding context, my comment wasn't about how easy or difficult it is to find a chart.