“The COVID-19 pandemic has profoundly affected the living arrangements of millions of Americans,” said Daniel Garcia and Andrew Paciorek, authors of the Aug. 7 study, which looks at the impact of the pandemic on living arrangements and household formation in the United States.
Surge In Number of Americans Moving In With Older Family Members Amid Pandemic: Fed Study
Subprime Auto Loans Blow Up, Get Very Messy
Delinquencies of auto loans to borrowers with prime credit ratings were near historic lows (0.27% in March), according to Fitch data. In the pre-Virus Good Times, it was the subprime loans – with credit scores below 620 – that were blowing up…
In mid-March, the world changed for subprime lenders. Delinquencies were already exploding in the Good Times, and now they’re in utter turmoil.
In addition, it is likely that prime loans are becoming delinquent as well, as many of these people too have lost their jobs – this includes dentists and other professionals with high incomes and big debts and lots of expenses and no savings, who’d suddenly had to close their operations, and their cash flow disappeared. If they fall behind on their debts, they’ll be subprime in a hurry.
Scary Charts by Wolfstreet.com
Read the article at the link below:
Used-Vehicle Wholesale Volume Collapse
Nature.com From papers published to carbon emissions to confirmed cases, these data reveal an unprecedented viral outbreak and its impacts around the world. A worker disinfects a mosque in Istanbul as part of city-wide efforts to contain the spread of COVID-19.Credit: Chris McGrath/Getty How is the coronavirus spreading around the world?
via The coronavirus pandemic in five powerful charts — CVD
This is an interesting view on the pandemic.
That hasn’t escaped the notice of Dan Dahl, of Dahl Funeral Home in East Grand Forks and the former president of the Minnesota Funeral Directors Association.
“The older I get, the younger everyone else gets. I’m 59, and it used to be when I was 35, 35-year-olds didn’t die, it seemed like. It kind of sticks out now the older you get,” he said. “We’re not supposed to be burying our kids, our kids are supposed to be burying us.”
Read the source article at this link.
What Wealth Inequality in America Looks Like: Key Facts & Figures
More scary charts can be found at the St. Louis Fed article link above.
Average Age of Vehicles Sets Record, New-Vehicle Sales Drop to Where They Were 20 Years Ago.
Good article.
Said the owner and driver of a 2006 Ford Taurus.
For more charts go to the source article.
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