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Keyword: vehicledebt

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  • Car debt piles up as more Americans struggle to make payments

    03/05/2023 1:02:09 PM PST · by CFW · 76 replies
    Fox News ^ | 3/5/23 | Megan Henney
    A growing number of Americans are falling behind on their car payments, an ominous sign for the U.S. economy as high car prices and persistent inflation strain household budgets. Car repossessions tumbled in the early days of the pandemic when the government sent $5 trillion in stimulus money to American homes and businesses. But they have progressively ticked higher as sky-high prices for used and new cars alike forced consumers to take out bigger loans.