Wednesday, March 19, 2025

Disturbing sign of economic trouble: Recession fears surge as Americans default on car loans at record rates, echoing 2008 financial crisis warnings

With mounting worries about the US economy, a new pattern is surfacing among Americans as they are falling behind on car payments at a record pace, as per a report. This could be a warning sign similar to the 2008 financial crisis, reported Daily Mail.

ORIGINAL LINK: https://economictimes.indiatimes.com/news/international/us/disturbing-sign-of-economic-trouble-recession-fears-surge-as-americans-default-on-car-loans-at-record-rates-echoing-2008-financial-crisis-warnings/articleshow/119172109.cms