Record holiday spending: good news, just one problem: consumers used buy-now-pay-later schemes to spend $7.3BN from Nov. 1 to Nov. 26, up 14% from a year ago, per Adobe

These are basically vendor/3rd party financing programs which don't show up on already maxed out credit cards pic.twitter.com/3wEngeDZSL

— zerohedge (@zerohedge) November 28, 2023