The Indicator from Planet Money · Monday, July 13, 2026
Sheila Bair, former chair of the FDIC, highlights that approximately one in 20 car loans for young people are currently in serious delinquency. She notes this rate is comparable to periods of significant financial crisis.
“And many of them don't. About one in 20 car loans made to young people is in serious delinquency right now.”
“And that's a rate only exceeded in recent memory when Sheila was at the FDIC during the global financial crisis.”