The Holiday Debt Trap: BNPL "Phantom Debt"
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K 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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