Pay for a burger in pieces.

The 2008 financial crash, famously explained in The Big Short, may have a modern sequel as unsecured “buy now, pay later” (BNPL) debt – now used for everyday items like burgers – is being securitised and sold to hedge funds. Experts warn of rising risks as shadow banking grows and consumers struggle to repay BNPL loans, raising concerns that today’s “burrito debt” could mirror the hidden dangers of past financial instruments like subprime mortgages.