More Americans are having a harder time keeping up with their home and car payments

Noking

Noking

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Trumpomics at work

More Americans are falling even further behind on their home and car loans than at any time in the past decade, new data from the Federal Reserve Bank of New York showed Tuesday.

A greater share of people went at least 30 days late on their mortgage payments in the second quarter of this year than in any quarter since 2015, according to the New York Fed’s latest Quarterly Report on Household Debt and Credit. More also went into serious delinquency – or 90 days late or more – on their car payments during the same time period than at any quarter since 2010.

 
Noking said:
Trumpomics at work

More Americans are falling even further behind on their home and car loans than at any time in the past decade, new data from the Federal Reserve Bank of New York showed Tuesday.

A greater share of people went at least 30 days late on their mortgage payments in the second quarter of this year than in any quarter since 2015, according to the New York Fed’s latest Quarterly Report on Household Debt and Credit. More also went into serious delinquency – or 90 days late or more – on their car payments during the same time period than at any quarter since 2010.

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View: https://www.youtube.com/watch?v=QNJL6nfu__Q
 
Noking said:
What is Crazy Trump doing for them?????????
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More than the fucking parasites deserve.

No one engaged in actual work that has value to society's basic needs is having issues paying the rent. Not a single one of them. It's the people who can't pay back the student loans for the jobs they fantasized were essential who are hurting. Bummer.

You people are whacked.
 
Noking said:
Trumpomics at work More Americans are falling even further behind on their home and car loans than at any time in the past decade, new data from the Federal Reserve Bank of New York showed Tuesday. A greater share of people went at least 30 days late on their mortgage payments in the second quarter of this year than in any quarter since 2015, according to the New York Fed’s latest Quarterly Report on Household Debt and Credit. More also went into serious delinquency – or 90 days late or more – on their car payments during the same time period than at any quarter since 2010.
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Is this "Trump's" fault?


No. The New York Fed data (Q2 2026) shows elevated early mortgage delinquencies (highest share 30+ days late since 2015) and serious auto loan delinquencies (90+ days, highest since 2010), but overall household delinquency rates improved slightly to 4.7% of outstanding debt and remain well below Great Financial Crisis levels. Most borrowers are managing; stress is concentrated, often in lower-income/subprime segments, reflecting a “K-shaped” economy.


These trends predate Trump’s second term (inaugurated January 2025). Auto and other consumer delinquencies began climbing in earnest around 2022–2023 and continued rising through 2024–early 2025:


  • Auto loans: Serious delinquencies reached record or near-record territory in the NY Fed series by early 2026 after multi-year increases. Drivers include pandemic-era vehicle price spikes (chip shortages, supply disruptions, strong demand), higher interest rates from the Fed’s 2022–2023 tightening cycle to combat inflation, longer loan terms, elevated insurance/maintenance costs, and riskier 2021–2023 originations with higher debt-to-income ratios and negative equity on many vehicles. Subprime borrowers account for a disproportionate share of the stress.
  • Mortgages: Early-stage delinquencies rose but serious rates stayed relatively low historically. High home prices, low inventory, and elevated mortgage rates (tied to the same post-pandemic inflation fight) are long-running factors. Some of the Q2 mortgage balance drop was a temporary reporting quirk from servicer transfers.

Broader context includes years of above-normal inflation eroding real purchasing power (especially for lower-income households living paycheck-to-paycheck), sluggish real wage growth in parts of the distribution, and the end of pandemic supports. High fixed costs for housing and cars crowd out other spending. New auto originations hit a nominal record in Q2 2026 partly because prices remain elevated.


Trump-era factors (tariffs potentially affecting vehicle/parts costs, any pressure on rates, energy/geopolitical events influencing gas prices) can influence the margin in 2025–2026, but they do not explain the multi-year rise that was already visible under the prior administration. Loan performance is lagging: many stressed loans were originated years earlier under different conditions. Overall debt levels and delinquency patterns still show resilience for the majority of households rather than a broad crisis.


In short, this is the result of pandemic disruptions, subsequent inflation and rate responses, structural auto/housing market issues, and uneven recovery—not a sudden or primary consequence of the current administration.


 
AMERICA FIRST said:
More than the fucking parasites deserve.

No one engaged in actual work that has value to society's basic needs is having issues paying the rent. Not a single one of them. It's the people who can't pay back the student loans for the jobs they fantasized were essential who are hurting. Bummer.

You people are whacked.
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So you're the type that call the victims of plutocracy slouches.
 
Noking said:
Trumpomics at work

More Americans are falling even further behind on their home and car loans than at any time in the past decade, new data from the Federal Reserve Bank of New York showed Tuesday.

A greater share of people went at least 30 days late on their mortgage payments in the second quarter of this year than in any quarter since 2015, according to the New York Fed’s latest Quarterly Report on Household Debt and Credit. More also went into serious delinquency – or 90 days late or more – on their car payments during the same time period than at any quarter since 2010.

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These are dumb lies snowflake. Why all the dumb lies?
 
Noking said:
Don't forget that these people voted for Crazy Trump, because Crazy Trump promised to end inflation on day one.
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You never “end” inflation brainless wonder. Did you cry and stomp your tiny insignificant feet this hard during Biden’s massive 20+% inflation? Of course you didn’t you whiny, low IQ dipshit.
 
AMERICA FIRST said:
More than the fucking parasites deserve.

No one engaged in actual work that has value to society's basic needs is having issues paying the rent. Not a single one of them. It's the people who can't pay back the student loans for the jobs they fantasized were essential who are hurting. Bummer.

You people are whacked.
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What a stupid ^ post. November is coming, scumbag.
 
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Noking said:
What is Crazy Trump doing for them?????????
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Helping them to get rid of a car or house payment so when they go bad on the loan the item in question will be seized.. Bang,....just like that they will have more money because they wont have to make that payment anymore!
 
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