The "Buy Now, Pay Later" Bubble (w/ Siddharth Venkataramakrishnan of FT)
GRIFTONOMICS
00:00
Short Term Loans
The fed survey was saying about half the people said that the only way they coud afford something was with bynapay later. I don't think it gets into very weird territory around things like white goods, where people find it's their only option to pay because theyhve their boilers busted. If yo, if fou'r buying ge then i guess a luxury am, popsy debin, in many ways, might be a better option tha that totally makes sense.
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