Why are subprime auto delinquencies reaching all-time highs while spending remains steady?
Replied byCathie Wood
Founder, CEO & CIO at ARK Invest
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: St. Petersburg, Florida, United States
Started: 2014
Families are living hand-to-mouth due to food and energy inflation, which has pushed subprime auto delinquencies to record levels. However, overall consumer spending remains steady, largely driven by higher-income earners.
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