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More Americans Use ‘Buy Now, Pay Later’ for Groceries, and Many Miss Payments

by TheAdviserMagazine
4 months ago
in Markets
Reading Time: 1 min read
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More Americans Use ‘Buy Now, Pay Later’ for Groceries, and Many Miss Payments
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voronaman / Shutterstock.com

Across the country, buy now, pay later (BNPL) loans are increasingly becoming a lifeline for Americans shopping for basic necessities like weekly groceries — with concerning consequences. A recent LendingTree survey reveals that 25% of American BNPL users accessed these short-term installment loans for grocery purchases in the past year. Even more concerning, approximately 2 in 5 users have…



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