“Buy Now, Pay Later” Mania Sends Americans Deeper Into ‘Black Hole’ Of Debt
April 21, 2023 at 20:40 PM EDT
Americans are drowning in credit card debt as elevated inflation makes the cost of living unbearable. About 70% of consumers are financially stressed, which means ones who’ve maxed out credit cards and drained personal savings amid 24 months of negative real wages are now resorting to “buy now, pay later” (BNPL) apps for basic items […] Source
