X @Joe Consorti

95% of Black Friday purchases were financed.Over 2/3 of the borrowing has a term of more than 30 days.Not a vote of confidence in the state of US consumers.Adam Cochran (adamscochran.eth) (@adamscochran):Breakdown of the Black Friday data tells us:-Consumer is weakening.-95% of sales volume was financed.-67% of that intends not to pay off within 30 days.-Roughly $1B was spent using BNPL models which are the worst debt.This points to a really unhealthy economy. ...