Consumer

This disturbing trend suggests the rise in auto loan delinquencies is just getting started (from Automotive News on June 21)…

Posted onAuthorPorter & Co.

More Americans are entering into auto loans that exceed the worth of their cars after vehicle values declined in the wake of dramatic increases during the pandemic, a report has found. Used car loan-to-value ratios increased to 125 in the first three months of this year from 104 for the same period in 2021, according

A recent survey suggests a growing number of Americans are turning to “buy now, pay later” apps to purchase basic necessities (from Bloomberg on April 18)…

Posted onAuthorPorter & Co.

US consumers are increasingly using such installment loans to pay for everyday items like groceries, highlighting the financial pain wrought by the worst inflation outbreak in four decades. Grocery prices jumped 8.4% in the year through March, according to the Bureau of Labor Statistics. Almost half of Americans have used BNPL apps, and of those,