

I'm getting really worried about this auto repossession thing going on in the US

. It's like the whole country is drowning in debt

. People can't afford those massive $750+ monthly payments anymore

, and it's not just lower-income households struggling either

. Everyone from middle-class families to professionals are feeling the squeeze

.
I think we're seeing the consequences of all these onerous loan terms and easy credit that got people hooked during the pandemic

. It's like they were living on borrowed time

, but now reality is kicking in

. And yeah, I get it - lenders can't just start handing out free cars again


. But maybe some kind of regulatory oversight or consumer protection wouldn't go amiss

.
The pandemic has messed up the entire economic system, and it's going to take a while for things to normalize

. In the meantime, I'm sure we'll see more cases like Tricolor and First Brands going under

. It's all pretty scary stuff

.