Car payment delinquencies … https://www.wsj.com/articles/late-auto-payments-expose-cracks-in-consumer-credit-5b5e29b0?st=8esbcax1dbn3qer&reflink=article_copyURL_share
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The first domino to fall…then when people don’t have a car, they can’t go to work and then they stop making mortgage payments. Tick tock!
What causes the zigzag pattern here? There seems to be consistency for when the percentage declines each year. Maybe use of tax refund checks to get current or some other consistent windfall.
Yeah, I don’t know, perhaps seasonal nature of car purchases, then falling into delinquency?
