From Sneakers to Rent: ‘Buy Now, Pay Later’ Expands as Americans Struggle to Make Ends Meet
Buy now, pay later loans are expanding to rent, utilities and other essential expenses as household debt rises.
Companies are offering 'buy later' loans for everyday needs like rent because many families don't have enough money right now. Watch if these companies grow fast—it shows people are struggling, which could mean the whole economy might slow down soon.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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