Scary Sign Shows Economy Getting Worse

This is not a good good at all.

Welcome to Biden’s America.

It has now been revealed that a growing number of Americans are falling behind on their monthly car payments and financial analysts are becoming even more concerned that this is a surefire sign that the economy is crumbling under President Biden and the Democrats’ leadership.

According to NBC, The number of vehicle repossessions have been steadily growing over the last couple months and even more people are behind on their car payments as well.

What’s even worse is that thanks to President Biden, experts believe the problem is going to become even worse in 2023.

Currently, the average monthly payment for a vehicle is up 26% since 2019 to a whopping $718 a month. Nearly one in six new car buyers are also paying over $1,000 a month. Additionally, other costs in owning a car such as repairs, gas and maintenance are also up.

director of insights Edmunds, Ivan Drury, explained, “These repossessions are occurring on people who could afford that $500 or $600 a month payment two years ago, but now everything else in their life is more expensive. That’s where we’re starting to see the repossessions happen because it’s just everything else starting to pin you down.”