“Buy Now Pay Later” Issues Stark Warning to the Economy
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Show Notes
More data released today which shows the US economy has taken a turn for the worse. Consumers are running out of options and are turning in huge proportions to alternate means to stay afloat. One of those alternatives, however, is being closed off as the American banks are now actively cutting back risk while going on a buying binge for safety.
Eurodollar University's Money & Macro Analysis
nerdwallet 2024 State of Consumer Credit Report
https://www.nerdwallet.com/article/credit-cards/2024-consumer-credit-report
CNBC 25% of consumers recently used a buy now, pay later loan, report finds. What to know as they become popular
https://www.cnbc.com/2024/05/28/buy-now-pay-later-loans-are-second-only-to-credit-cards-in-popularity.html
FRBNY HOUSEHOLD DEBT AND CREDIT REPORT (Q1 2024)
https://www.newyorkfed.org/microeconomics/hhdc
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU