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Repo Man: Fed Puts Brake On Interest Rates As Car Loan Delinquencies Race Ahead

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Repo Man: Fed Puts Brake On Interest Rates As Car Loan Delinquencies Race Ahead

Repo Man: Fed Puts Brake On Interest Rates As Car Loan Delinquencies Race Ahead

While the U.S. economy appears to be booming, with loads of new jobs and low unemployment figures, Americans themselves aren't exactly in a strong financial position.

Indeed, Business Insider reports America has never been more indebted.

Aggregate borrowing to cover mortgages, credit cards, student loans, and car loans rose for the 18th straight quarter in the fourth quarter, reaching a new record of $13.5 trillion.

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Repo Man: Fed Puts Brake On Interest Rates As Car Loan Delinquencies Race Ahead

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