---
title: As highlighted by The Kobeissi Letter >>> Buy Now Pay Later spending soars 20% compared to last year on Black Friday
description: "It's also expected to jump 19% on Cyber Monday to a record $782 million.\n\nAs excess savings in the US have gone from $2 trillion to zero, Americans are relying on debt more than ever.\n\nIn other words, \"deals\" that are 20% off are being financed with credit card debt that has a 30% interest rate..."
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [As highlighted by The Kobeissi Letter \>\>\> Buy Now Pay Later spending soars 20% compared to last year on Black Friday](https://blog.syzgroup.com/syz-the-moment/nestle-on-the-lower-end-of-the-channel-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-2-0-0-0-0-0-0-0-0-0-1-0-169-67b995bf)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Nov 28, 2023, 10:28:42 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/nestle-on-the-lower-end-of-the-channel-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-2-0-0-0-0-0-0-0-0-0-1-0-169-67b995bf)

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