Does Anyone Pay Back Debts Anymore?

Sure doesn't seem like it. Two primary categories here: subprime auto loans and student debt.

Regarding the former, recoveries have declined to 34.8% with losses up from 7.9% to 9.1% YOY. 6mm people are reportedly delinquent by 90 days or more on their loans. This Business Insider piece notes the ramifications for the auto industry and the macroeconomy.

A…