The common worth of automobiles has soared in recent times, and consumers are being additional squeezed by rising rates of interest. It’s hitting Gen Z and millennials notably exhausting — in 2022, folks aged 18 to 39 had greater than $20 billion in auto loans greater than 90 days overdue. Tom Krisher, who covers the auto trade for the Related Press, joins John Yang to debate.
Stream your PBS favorites with the PBS app:
Discover extra from PBS NewsHour at
Subscribe to our YouTube channel:
Observe us:
Fb:
Twitter:
Instagram:
Subscribe:
PBS NewsHour podcasts:
Newsletters:
source
