A phantom debt menace
Update: 2024-05-08
Description
Increasingly popular buy now, pay later services allow shoppers to split their purchases into smaller, recurring payments. We’ll get into why these loans are blurring economists’ understanding of today’s consumer debt landscape. We’ll also discuss President Joe Biden’s climate and infrastructure spending spree, and the knock-on effects of parents dying from drug overdoses. Plus, singer Tyla’s sandy Met Gala look, and forgotten 100-year-old love letters make us smile.
Here’s everything we talked about today:
- “Playbook: Biden’s race to Trump-proof his legacy” from Politico
- “‘Buy Now, Pay Later’ Has Americans Racking Up Phantom Debt” from Bloomberg
- “When to use buy now, pay later services” from Marketplace
- “Hidden love letters spark historical mystery in Baltimore” from The Baltimore Banner
We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
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