Half of college graduates are working high school level jobs, per Bloomberg.

Half of college graduates are working high school level jobs, per Bloomberg.

— unusual_whales (@unusual_whales) March 1, 2024

The average new car loan has reached a record high of $40,000. The average rate for a new car loan is 7.4% and 11.6% for a used car. --Bloomberg

the average rate for a new car loan is 7.4% and 11.6% for a used car. --Bloomberg

Number Of Americans In Upside-Down Auto Loans Continues To Worsen https://t.co/VOHTXXDoJu

— zerohedge (@zerohedge) December 16, 2023

"It's a precarious spot for many Americans, coming after a twin surge in car buying and interest rates has strained finances and fueled an uptick in automobile repossessions,"  Bloomberg explained, adding the average rate for a new car loan is 7.4% and 11.6% for a used car. 

The average new car loan has reached a record high of $40,000 . . . which was to be expected: after all, the latest consumer credit report from the Fed revolving credit shows high-interest rates have bogged down student and auto loans; in other words, the consumer is stretched.

Fitch Ratings.

Some good articles here in this one.

BREAKING: Car owners fall behind on payments at highest rate on record, per Bloomberg.

BREAKING: Car owners fall behind on payments at highest rate on record, per Bloomberg.

— unusual_whales (@unusual_whales) October 23, 2023

85 places you can travel with zero Covid restrictions

85 places you can travel with zero Covid restrictions https://t.co/x2ZSEFY0Gp via @luxury

— Mike Walgenbach (@mwalgen44) September 12, 2022