‘Finances are getting tighter’: US car repossessions surge as more Americans default on auto loans

🚗💸 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 😬.
 
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