• Hanrahan
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    1 month ago

    BNPL (Buy Now Pay Later) debts not recorded with credit agencies, so no idea how much.

    I have zero idea why this is collapse related but here we are.

    • eleitl@lemmy.mlM
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      1 month ago

      Global Financial Crisis 2 is definitely a fast component in the overall collapse process. Unaccounted consumer debt is a useful facet of a diagnostic. We don’t know where exactly the spark will originate that will blow up GFC2. It could as well start there, though it’s not very probable.