Ep. 136 - Buy Now, Pay Later & The Revolving Door of Debt

How often do you hear talk about housing, stocks, or cryptos, yet the real bubble is right under our noses? Consumer debt. In this eye-opening episode, Quinton Harris pops the bubble theory on markets and assets. Instead, he traces the red flags to American's wallets and uncovers the buy now, pay later epidemic inflating a full-fledged consumer credit crisis. Quinton analyzes fresh intel from the New York Fed, surveys, and more to showcase why revolving debt, not mortgages or equities, threatens the financial stability of over one-third of US adults.

[00:00 - 00:23] - Introduction

[00:24 - 02:27] - What is BNPL?

[02:28 - 03:44] - BNPL Stats

[03:45 - 07:18] - NY Fed Q4 Report

[07:19 - 10:18] - Money Magazine Article

[10:19 - 12:51] - Graph Comparison

[12:52 - 17:25] - Closing Segment

Key Quote:

"88 million adults are now using BNPL… indicating that a significant portion of the population is deferring payments for purchases they can't afford upfront." - Quinton Harris

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