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☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 10 days ago

They’re Skipping Car Payments; That’s The Final Warning Sign

www.forbes.com

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They’re Skipping Car Payments; That’s The Final Warning Sign

www.forbes.com

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 10 days ago
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Auto loan delinquencies just hit a 15-year high. Consumers are skipping car payments, signaling deeper financial stress. Markets haven’t priced it in yet.

https://archive.ph/ekOj3

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  • 0x01@lemmy.ml
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    10 days ago

    This and the source lendingtree article are both missing contextual timeline charts. They say it’s spiking, but spiking requires context, compared to what baseline?

    I don’t doubt that there is significant financial stress and that it’s likely a very telling data point. 5% on average across the United States seems very significant, what is the baseline of delinquency? What was it this time last year?

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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      10 days ago

      it literally takes under a minute to find this info

      https://www.federalreserve.gov/econres/notes/feds-notes/rising-auto-loan-delinquencies-and-high-monthly-payments-20240926.html

      • 0x01@lemmy.ml
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        10 days ago

        Which should have been prominently displayed in the article.

        While I appreciate you adding context, my comment wasn’t about how easy or difficult it is to find a chart.

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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          9 days ago

          Sure, the article would’ve been better if it contextualized the data. I’m just pointing out that it’s not difficult to find for those interested.

          • giacomo@lemmy.dbzer0.com
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            9 days ago

            you should work for Forbes.com

            • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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              9 days ago

              clearly my journalistic standards are too high for them 🤣

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