On Cyber Monday, consumers are expected to spend as much as $12.4B, which marks an all-time high. However, they are even more focused on spreading out their bills.
I am absolutely certain that people stacking themselves with debt won't have any long-lasting consequences. Not even if they reach the point that they can't pay for anything other than their debts any longer. Like, honestly, paying for your pizza and your hoodie all at once is so outdated, right?
I can see how it gets out of hand very quickly. I just used one of those payment methods for the first time a month ago. Told myself that it's being paid off in full before I do this again.