Americans Are Going Deeper Into Debt With Buy Now, Pay Later Apps
Almost half of Americans have used buy now, pay later apps — and of those, about 1 in 5 rely on them to buy groceries, according to a recent survey.
Bloomberg's Paulina Cachero has more.
Grocery prices jumped 8.4% in the year through March, according to the Bureau of Labor Statistics. Almost half of Americans have used BNPL apps, and of those, about 1 in 5 rely on such apps to buy groceries, according to a recent survey from LendingTree Inc. Some 27% of users use the loans as a bridge to their next paycheck.
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