Americans have never had this much car debt… experts warn it could start a 2008-like recession | NYGazet

The soaring cost of cars and insurance is pushing millions of Americans to the financial brink. Wall Street is nervous that could trigger a recession.

The soaring cost of cars and insurance is pushing millions of Americans to the financial brink — and Wall Street is worried it could be the spark for the next recession. Drivers owe $1.66trillion in car loans — a bigger burden than federal student lo... [4342 chars]