Consumers’ struggle in high-debt, high-interest environment raises risk of imminent sharp economic downturn
One second-order impact of the current affordability crisis? More auto loan fraud — as people need transportation but can't get approved for financing. Just recorded a mega episode on this growing $8.1B issue:https://t.co/GJ17UURkWO — Car Dealership Guy (@GuyDealership) October 4, 2023 Millennial are feeling the pain of higher rates more than baby boomers, per BI: …