The 'Buy Now Pay Later' Trap Is Getting Worse

Thanks to Monarch for partnering with me! Start your free trial and get 50% off your first year of total money clarity using my link https://monarchmoney.yt.link/Fl1nWEw or code grant50. Buy Now, Pay Later has been sold as the modern solution to the outdated, old school credit cards...but, is it really as good as it seems? Over 40% of Buy Now, Pay Later users have missed a payment and 57% of Americans have admitted to using it to buy things they can't afford. So, now we're left asking: if people stop paying back their loans, yet keep spending money, could the entire market collapse? ------------------ Follow on social: Twitter / X:   / @grantrudow   Instagram:   / grantrudow   TikTok:   / grantrudow   ------------------ Includes music by Tom Fox – https://tomfox.site Disclaimer: This video is for informational and entertainment purposes only. It is not financial advice. All views expressed are my personal opinions. Please do your own research before making any financial decisions. Current Subscribers: 112,774