Car prices are near all time highs and yet sales are rising, and that's mainly thanks to the rich. Eight months into 2025, the share of new cars costing more than $50,000 is almost double what it was six years ago. It's not just because automakers are charging more across the board, it's because the share of vehicles at the highest prices has grown.Reality is, the automakers are in the business to make money. And this market, because of higher-income households buying a greater percentage of the vehicles, h ...

Household Debt Overview - Household debt increased by 1% to $18.4 trillion [1] - Overall delinquency rates remain relatively modest, excluding student loans [2] Delinquency Rates - Auto loan and credit card debt delinquencies remain elevated [1] - Student loan debt that is 30-day delinquent surged to 13%, previously 1% in Q4 during the forbearance period [2] - Credit card agencies are reporting delinquencies around 13%, up from 8% in Q1 [2] - 90-day mortgage delinquencies increased to 1.3%, the highest level since Q4 2016 [3] Potential Economic Weakness - Potential economic weakness is a concern regarding student debt and its knock-on effect on credit card issues and credit reporting [3]