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InvestTalk

The Holiday Debt Trap: BNPL "Phantom Debt"

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.41.5K Ratings

🗓️ 10 December 2025

⏱️ 48 minutes

🧾️ Download transcript

Summary

Adobe Analytics has reported that "Buy Now, Pay Later" (BNPL) usage hit an all-time high of $10.1 billion in November 2025, and this "phantom debt" doesn't always show up on credit reports immediately.

Today's Stocks & Topics: PepsiCo, Inc. (PEP), Market Wrap, “The Holiday Debt Trap: BNPL "Phantom Debt"”, Primoris Services Corporation (PRIM), Firefly Aerospace Inc. (FLY), Commodities, Netflix, Inc. (NFLX), Entergy Corporation (ETR).



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Transcript

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0:00.0

On radio, on YouTube, streaming live on invest talk.com, and for our podcast subscribers, this is InvestTalk.

0:13.0

Independent thinking, shared success. Invest talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States.

0:27.5

Here is KPP Financial Chief Executive Officer, Financial Advisor, Justin Klein.

0:35.3

Good afternoon, fellow investors, and welcome back to Invest Talk. This is our Tuesday,

0:41.7

December 9th, 2025 edition. And fourth quarter is racing to the finish line. And with regards to

0:51.0

the markets in your portfolio, now is the time to refocus,

0:56.6

refocus on what's happening in the market, what's happening in your portfolio.

0:59.7

We did a webinar earlier today.

1:02.0

We talked about using this time to do tax law selling and really reassess where you're at

1:06.6

and be strategic about your decisions and not act with emotions, not act with fear and greed,

1:15.7

which most people tend to do, but focus on the facts on the ground. Once again, not how you wish

1:24.4

the world to be, but how the market is. You have to be frank with yourself, rank with what's going on in the market, and call

1:31.2

balls and strikes.

1:32.0

And that's what we're here to do is help guide you so that your decisions are strategic,

1:39.2

that they're based on good fundamental principles and the correct data, data that matters, data that will impact

1:47.7

economies, markets, sectors, and asset classes.

1:50.7

So that's what this hour is about each and every day on InvestTalk is about.

1:55.1

And so we do that mainly by answering your finance and investment questions, as well as

2:00.0

bringing you topics and data that we think are important for you to consider.

2:04.9

So that's what this hour will be dedicated to.

2:07.7

Now, I hope you all had a chance or most of you had a chance to attend our wealth webinar that Luke and I shared earlier today.

2:16.8

And it was the year end tax toolkit toolkit rmd planning tax loss harvesting

...

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