The question “what is Snap Finance” ties into consumer leverage data—New York Fed’s Household Debt report (May 2024) shows an uptick in unsecured lending, a factor boosting demand for flexible payment solutions. But he pointed to a White House memo which warned that the economy loses around 15 billion dollars in GDP for each week the government remains shut, a “sizeable headwind if the deadlock lingers”. Building on a tiny idea proved itself worthy many times over. In the context of “what is Snap Finance,” credit conditions matter—Fed data on consumer lending shows a mild tightening in May
