Economic News

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🎁 https://www.wsj.com/personal-financ...7?st=2hAwK8&reflink=desktopwebshare_permalink

  • The percentage of credit-card balances at least 90 days delinquent rose to 13.12% in the first quarter, the highest level in 15 years.
  • America’s total credit-card balance reached $1.25 trillion in the first quarter, the highest first-quarter balance since the Fed began recording the measure in 1999.
  • Average interest rates on cards rose to 21% in February from 14.6% in February 2022, straining consumers.
 
www.carscoops.com

A Million New-Car Buyers Just Vanished, And Automakers Don't Want Them Back | Carscoops

High prices, inflation, and interest rates are pushing many Americans out of the new-car market
www.carscoops.com www.carscoops.com

  • The new-car market is shrinking as prices, rates, and inflation squeeze household budgets.
  • Still, automakers are making solid profits selling fewer, more expensive trucks and SUVs.
  • Industry analysts no longer expect annual U.S. sales to return to pre-pandemic highs anytime soon.
 
altmin said:
www.carscoops.com

A Million New-Car Buyers Just Vanished, And Automakers Don't Want Them Back | Carscoops

High prices, inflation, and interest rates are pushing many Americans out of the new-car market
www.carscoops.com www.carscoops.com

  • The new-car market is shrinking as prices, rates, and inflation squeeze household budgets.
  • Still, automakers are making solid profits selling fewer, more expensive trucks and SUVs.
  • Industry analysts no longer expect annual U.S. sales to return to pre-pandemic highs anytime soon.
Click to expand...
Something Housing Contractors figured out a long time ago I guess
 
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