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2 reasons why auto loan repayments have risen 30% since 2019

By Yahoo! Finance   |   Sep 23, 2024 at 06:47 PM EST
2 reasons why auto loan repayments have risen 30% since 2019

The median auto loan repayment has surged 30% since 2019, impacting lower-income households. Bank of America economist David Tinsley explains the reasons behind this increase, citing rising car prices and Federal Reserve rate hikes.

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