“Buy Now Pay Later” Issues Stark Warning to the Economy

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