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Black Friday Debt Breakdown

Black Friday Debt Breakdown

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Breakdown of the Black Friday data tells us: -Consumer is weakening. -95% of sales volume was financed. -67% of that intends not to pay off within 30 days. -Roughly $1B was spent using BNPL models which are the worst debt. This points to a *really* unhealthy economy.
What it means

A screenshot of a social media post breaks down Black Friday sales, consumer weakness, financed purchases, delayed repayment, and heavy use of buy-now-pay-later models. The punchline is the sarcastic conclusion that these numbers point to a “*really* unhealthy economy,” making it useful as a reaction to reckless consumer spending or troubling economic news.

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Source
Template
Tweet screenshot
Type
image
Size
642×800 · 52.6 KiB
Mood
sarcastic, concerned
Language
en
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