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In an alarming economic trend, Americans are defaulting on auto loans at the highest rate in nearly 30 years, driven by rising interest rates and an uncertain job market. With the Federal Reserve planning to maintain elevated interest rates, the burden is particularly felt by subprime borrowers. Many face the threat of repossession, making the need for financial relief and more feasible lending solutions even more urgent. #AutoLoanCrisis #debt #RisingInterestRates #EconomicTrend #Repossession #repo #FinancialRelief
Timestamps:
Auto Crisis Is At A Record 0:36
But What’s Really Going On? 8:11
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