Episode notes
In this Econ 101 segment on the 9innings Podcast, we explore America’s growing “payment economy,” where consumers increasingly focus on the monthly payment rather than the total price.
From longer-term financing and Buy Now, Pay Later services to the ever-growing subscription economy, we examine how breaking purchases into smaller payments can create the illusion of affordability without actually reducing the cost.
We also look at how credit-driven consumption can mask vulnerabilities in the economy, keep demand, and potentially prices elevated, while putting additional pressure on household finances.
The takeaway is simple: Stop asking whether you can afford the payment and start asking what the purchase actually costs. Because true affordability isn’t about making the monthly payment, it’s about understanding the total cost.
00:00 — Welcome to the Payment Economy
05:30 — The Illusion of Affordability
09:16 — The Trillion-Dollar Credit Economy
NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2ei...
Follow Us: youtube: / @9icap
Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428
facebook: / mlb2cfp
Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-...
Website: http://www.9icapitalgroup.com
Hit the subscribe button to get new content notifications.
Corrections: Editing by http://SwoleNerdProductions.com
Disclosure: https://sites.google.com/view/9idiscl...