A record number of Americans are behind on their auto loans
Last month, 6.65% of subprime borrowers were at least 60 days late on their car payments. That’s the highest delinquency rate since the 1990s, according to Fitch Ratings.
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Why doesn’t trickle-down economics work in practice?
The very rich have 1,000 times more wealth than the poorest households, according to a new report. That wealth is not improving the livelihoods of other people in the economy.
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