States with the most auto loan debt
Photo Credit: Alamy Stock Photo
Perhaps no part of daily life changed as much by the COVID-19 pandemic as mobility—how often residents leave their homes and where they go. With stay-at-home orders in effect for large parts of last year, Americans upended their daily routines and, where possible, began working from home, increasing their reliance on delivery services, and avoiding public spaces, including public transportation.
Amid these changes, it wasn’t immediately clear how consumer spending and borrowing would be impacted, especially for cars and trucks.