Scary U.S. Auto Loan Debt Numbers Foreshadow Economic Downturn
Rising U.S. Auto Loan Debt a Symptom of Bubble Economics Permeating Society
Auto industry sales have come back from the “Great Recession” grave, but U.S. auto loan debt threatens to relegate the industry to purgatory. Rock-bottom interest rates have allowed consumers to gorge on debt for too long, setting the stage for the auto loan debt 2017 debacle playing out before our eyes. The bill has come due, and the auto industry is bracing for a protracted retrenchment.