....."As of the first quarter of 2019, there are an estimated 5.2 million federal student loan borrowers in default. By contrast, 18.6 million borrowers are current on their federal loan payments."
That's 28%, is that considered good in a "great" economy?
How about the delinquency rates:
......"Delinquent U.S. student loans reached a record $166 billion in the fourth quarter. But since “delinquency rates for student loans are likely to understate effective delinquency rates” by about half, according to the Federal Reserve Bank of New York, the figure is probably a far cry from reality. Factoring for understatement would imply that about $333 billion in student debt has not been serviced in at least three months."
I'm sure those kids are just investing their money in the stock market instead, right?
Lets look at those numbers:
......"Serious auto-loan delinquencies – 90 days or more past due – in the second quarter, 2019, jumped 47 basis points year-over-year to 4.64% of all outstanding auto loans and leases, according to New York Fed data released today. This is about the same delinquency rate as in Q3 2009, just months after GM and Chrysler had filed for bankruptcy."
It's a good thing nobody needs a car in a "great" economy.... they can just use Uber, because everyone knows, a car is a luxury, right?
......"Some 7 million Americans are 90 days or more behind on their auto loan payments, new data released by the Federal Reserve Bank of New York shows. The number of delinquent loans follows a trend of steady increases since 2011 and has risen to the highest level in the 19-year history of the bank’s loan origination data. "
Even when a lot of it is unaffordable and not being paid back by the borrowers? Just because banks GIVE loans doesn't mean the borrower can afford to pay them.
@Mrs. Peel, what color blue do you like?
Maybe you should call it hyperbole, devoid of data but FULL of opinion, by some.. That would be more accurate.
You should go stroll over to this site, it's very educational. Here's a snapshot... It will change (by a lot) by the time you get there:
yea, kinda my thoughts too.. So i guess its time to get into reloading... lol
Anyone know or see any good deals on a basic RCBS setup, let me know!
Nice shootin' and sounds like a relatively calm quiet day at the range..