Reported 2 days ago
A rising number of Americans are turning to buy now, pay later (BNPL) loans to finance their grocery bills, with recent data indicating that around 25% of users have utilized BNPL for food purchases. The trend is particularly pronounced among younger generations, with 33% of Gen Z participating. Alarmingly, nearly 41% of BNPL users reported missing payments, highlighting the financial strain many are under due to high inflation and grocery prices. This shift in spending habits raises concerns about the long-term sustainability of using BNPL loans for essential purchases.
Source: YAHOO