Just saw a report saying 95% of Black Friday spending this year was financed. Only 5% used actual cash! That kinda blew my mind.

It makes me wonder if the economy is way weaker than the headlines say. If everyone’s surviving on credit, no wonder the job market feels upside-down.

Curious… do you think things are about to shift? Or are we just in a weird in-between phase that nobody wants to label?

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That's a staggering number, even though it really shouldn't be. If you're buying online, or anywhere really, it almost always makes more sense to use a credit card than a debit card because of points, miles, etc. As for what this phase is, I have no idea what to call it. It's a very weird time.

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I am wondering how "financed" is defined. If by "financed" they mean a credit card was used, then I disagree that the purchase was not necessarily financed as many of us pay off our cc bill entirely each month. As for "cash" other than drug dealers, who pays with cash these days?

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I think you might be surprised by how many people do not pay off their credit card monthly. I think you use the word many when it should be a few.

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Or people just use their credit cards regardless for the points and added buyer protection.

Definitely. That must be it. I guess credit cards are popular for that. I do know payments plans are popular for vacations and Amazon purchases.

America typically uses our Credit Card for online purchases especially from Black Friday. We also get points depending on the Credit Card. I am a few hundred points away from a trip to SEA. Finance is good if it is used correctly.

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