With memories of the 2008 financial meltdown still fresh, American consumers aren't borrowing wildly anymore — except when it comes to cars and credit card purchases. As of the end of June, car buyers racked up the highest auto loan debt in U.S. history — $1.1 trillion, according to a quarterly report from the Federal Reserve Bank […]
The post Borrowing Binge: Auto Loan Debt Hits a Record High appeared first on The Truth About Cars.
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