People Are Going Into Debt for Fast Food (Seriously)
🔥 America’s Consumer Debt Crisis Is Getting Worse! 🔥
Credit card debt has officially hit $1.2 TRILLION, an all-time high! Americans are now financing fast food with Buy Now, Pay Later services like Klarna and Afterpay. Are we heading for a major financial meltdown?
🚨 In this video, we cover:
✔️ Why Americans are borrowing money just to afford everyday essentials
✔️ The rise of Buy Now, Pay Later services and their hidden dangers
✔️ The shocking increase in credit card and auto loan delinquencies
✔️ How household debt reached $18 TRILLION – and what it means for you
✔️ The potential risks of a consumer debt bubble
📉 Key Stats You Need to Know:
✅ $75.1 billion spent on Buy Now, Pay Later in 2024
✅ 11.1% of credit card debt is 90+ days overdue – worst since 2011
✅ Auto loan delinquencies are rising at the fastest rate since 2008
💡 Is this the next financial crisis? Let me know your thoughts in the comments!
🔔 SUBSCRIBE for more finance & economic insights
MY FAVORITE TOOLS & RESOURCES
🏠 Get My Home Affordability Spreadsheet –
₿ $5 FREE Bitcoin (River):
🔒 Ledger – Store Your Bitcoin The Right Way –
💰 My FREE Stock Market For Beginners Course –
MY OTHER SOCIALS:
🐦 X –
📸 Instagram –
ABOUT ME 👇
My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
Subscribe if you are interested in:
#Economy #StockMarket #Investing
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
MY FAVORITE TOOLS & RESOURCES
🏠 Get My Home Affordability Spreadsheet – https://buymeacoffee.com/whiteboardfinance/e/374674
₿ $5 FREE Bitcoin (River): https://river.com/whiteboardfinance
🔒 Ledger – Store Your Bitcoin The Right Way – https://whiteboardfinance.com/go/ledger
💰 My FREE Stock Market For Beginners Course – https://whiteboardfinance.com/go/stocksguide
My gosh, this is getting worse…food is already expensive as it is….
Just Wow! If you don’t have the money to spend, DON’T SPEND! AND then to spend on Fast Food. Just Gross!
Marko building back his algorithm, brick by brick.
ARE YOU NOT ENTERTAINED?! *Russell Crowe Gladiator Voice*
I think part of the problem is Marko is honesty to the point people don’t want to hear or acknowledge! Easy to keep up the same bad habits and ignore the information Marko presents!
Marko, don’t quit and I hope you get your YouTube reward that you deserve, awesome content!
Ty!
The worst is people complaining about how expensive fast food is(food they shouldn’t be eating in the first place) they can cook at home, save money and eat healthy but people love convenience and the sweet taste in the mouth at the expense of their health and pockets
same people gonna be taking out a loan on a cheeseburger now smh lol
Do the math on home cooking for 1-2 people and then speak about what you obviously haven’t researched. If you buy a refrigerator stock of vegetables and they rot, what did you gain – nada! Gas/Electric bills are all up, dishwasher soap/or doing them by hand up – if doing all this means you think you can beat the price of a meal – locos tacos to you. Most people eat fast, because they have to budget their time – sleep so they can go back to work.
Cooking at home isn’t cheaper where I live. I do it because it’s healthier but fast food is cheaper.
Been a long time follower of your channel. Love your content. Appreciate all the info you put out. 💪🏼
I appreciate that, please share! 🙂
You should start a financing option for Whiteboard U 😂 consumers are nuts.
We’ll have an interesting new graph to look at: interest paid on fast food vs BMI.
Love the channel man. Fed lies government lies only Marco helps
Great… now I want Whataburger 🍔
When I was in college I had a $500 limit credit card that put me into a $3000 debt spiral that caused me financial anxiety. Giving people (mostly young financially inept) easier and more options to get into debt is straight up robbery. Keep doing what you’re doing Marko. Your kids (and mine) will thank us when they watch and learn about finance.
The million in seconds (11 days), billion (31 years) and trillion (31,000 years) is mind boggling! 😮
What is even more mind blowing, those numbers are rounded down lol.
“So what’s obviously the next step? SWIPE THAT CARD BABY” -MARKO 😂😂
The laziness of our youth is being exploited here they live by the phone and die by the phone i wished cell phones were never invented
*smart phones. Cell phones are great, but the downfall began in 2007 when the iPhone came out for sure.
This is insane
Ikr!
Chat, how cooked are we?
Haha what’s good bro
Sorry I can’t go out tonight guys, I have 3 payments left on my Big Mac. I’ll catch you guys in June
Got my dad to cosign on a 30 year mortgage on my Taco Bell family meal.
Almost all my coworkers DoorDash food every day at work. They say it’s too hard to bring food or cook at home, but I can’t imagine spending that much on delivery all the time.
It’s crazy.
Going into debt for a burrito is wild 😂