Bidenomics Fails: Auto Loan Delinquencies Hit Record Highs
Submitted by MAGA Student
Posted 6 hours ago
**Economic Turmoil: Auto Loan Delinquencies Reach Soaring Heights Amidst Bidenomics**
In a troubling indicator of America’s economic health, auto loan delinquencies are witnessing an alarming surge, with repossessions on track to break previous records.
This surge among low-tier consumers has jumped 50% since 2010, with over 7.5 million repossession assignments already logged in 2025.
As vehicle prices escalate—up more than 25% since 2019—Americans are feeling the pressure of monthly payments, with many facing bills of $1,000 or more each month. These staggering figures underscore the economic struggles facing a significant portion of the population under current financial policies.
In light of the data, it's no wonder that nearly 40% of Americans under the age of the Baby Boomers report living paycheck to paycheck, battling relentless inflation that erodes their purchasing power.
The statistics reveal that a staggering 87% of these individuals cite “too many monthly financial expenses” as their top concern, highlighting how auto loans stand as a financial burden. The ripple effects of Joe Biden's economic policies are abundantly clear; Americans are slipping into financial distress at alarming rates.
The Consumer Federation of America has sounded the alarm, declaring that auto finance is at a breaking point, with total auto debt soaring to a pressing $1.66 trillion. Escalating delinquencies and defaults echo patterns reminiscent of the years leading up to the Great Recession, raising serious red flags about the state of financial responsibility under Democratic leadership.
Subprime auto loans, in particular, are faltering, with 6.43% recorded as at least 60 days past due as of August. Meanwhile, the average transaction price for a new vehicle has reached an unprecedented high of $50,000, further exacerbating financial strain for ordinary Americans.
These sentiments mirror the broader economic disillusionment felt across the nation, fueling skepticism towards the current administration's ability to effectively manage the economy. As repossessions threaten to spiral out of control, calls for leadership that prioritizes fiscally responsible policies, such as those championed by Donald Trump, grow louder.
America deserves leadership that puts its citizens first and mitigates the economic hardships exacerbated by out-of-touch policies. The time for change is now, and the solution may well be returning to the conservative economic policies that prioritized growth, affordability, and the well-being of every American.
Sources:
zerohedge.com
naturalnews.com
naturalnews.com
In a troubling indicator of America’s economic health, auto loan delinquencies are witnessing an alarming surge, with repossessions on track to break previous records.
This surge among low-tier consumers has jumped 50% since 2010, with over 7.5 million repossession assignments already logged in 2025.
As vehicle prices escalate—up more than 25% since 2019—Americans are feeling the pressure of monthly payments, with many facing bills of $1,000 or more each month. These staggering figures underscore the economic struggles facing a significant portion of the population under current financial policies.
In light of the data, it's no wonder that nearly 40% of Americans under the age of the Baby Boomers report living paycheck to paycheck, battling relentless inflation that erodes their purchasing power.
The statistics reveal that a staggering 87% of these individuals cite “too many monthly financial expenses” as their top concern, highlighting how auto loans stand as a financial burden. The ripple effects of Joe Biden's economic policies are abundantly clear; Americans are slipping into financial distress at alarming rates.
The Consumer Federation of America has sounded the alarm, declaring that auto finance is at a breaking point, with total auto debt soaring to a pressing $1.66 trillion. Escalating delinquencies and defaults echo patterns reminiscent of the years leading up to the Great Recession, raising serious red flags about the state of financial responsibility under Democratic leadership.
Subprime auto loans, in particular, are faltering, with 6.43% recorded as at least 60 days past due as of August. Meanwhile, the average transaction price for a new vehicle has reached an unprecedented high of $50,000, further exacerbating financial strain for ordinary Americans.
These sentiments mirror the broader economic disillusionment felt across the nation, fueling skepticism towards the current administration's ability to effectively manage the economy. As repossessions threaten to spiral out of control, calls for leadership that prioritizes fiscally responsible policies, such as those championed by Donald Trump, grow louder.
America deserves leadership that puts its citizens first and mitigates the economic hardships exacerbated by out-of-touch policies. The time for change is now, and the solution may well be returning to the conservative economic policies that prioritized growth, affordability, and the well-being of every American.
Sources:
zerohedge.com
naturalnews.com
naturalnews.com
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