Reposted by MaconDawg
For my last Buying Power of the year, I wrote about one way to think about the divergence in consumer sentiment (bad) and behavior (free-spending) this year: It’s the YOLO economy, typified by the expanding popularity of services like Klarna and Affirm. Gift link: www.bloomberg.com/news/article...
bloomberg.com
The United States of Klarna
Want to understand the state of the economy? Just look to all the shoppers flocking to “buy now, pay later” services.