Residents in El Paso may be interested to know that many Americans are struggling to pay their mortgages and car loans. According to recent data, more people are falling behind on these payments than at any point in the last decade. The data shows that the proportion of people who are at least 30 days late on their mortgage payments is the highest it has been since 2015.

Similarly, the proportion of people who are severely delinquent on their car loans is the highest it has been since 2010. For more information on this trend, readers can refer to the original report from the Federal Reserve Bank of New York, as reported by KVIA ABC-7.