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How much debt is too much? We'll find out someday if we keep hugging the bottom of that trend channel.
October 28, 2013
More new-car buyers opt for 7-year loans
More new-car buyers are stretching out their loan payments as long as possible — as many as seven years — and experts wonder if the trend is another financial time bomb.
Source Data:
FRB: Historical Motor Vehicle Loans
St. Louis Fed: Compensation of Employees: Wages & Salary Accruals
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