Floridians Tackling ‘Phantom Debt’

There’s one group of economist and financial analyst that says spending by the U.S consumer is still strong, and another group of economist and financial analyst that will disagree.

The group that disagrees says a major slowdown is about to occur over the next several months when it comes to consumer debt. 

That debt is referred to as “phantom debt or ghost debt.” It’s called Buy Now Pay Later (BNPL)

Here’s what happens.