Econ 101: 🔥 The Payment Economy: When Everything Becomes a Monthly Bill
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…
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