More Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey says
Economy And Jobs,Business,General News,Food,Working Class
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A growing number of Americans are using buy now, pay later loans to buy groceries, and more people are paying those bills late, according to new Lending Tree data released Friday.
The figures are the latest indicator that some consumers are cracking under the pressure of an uncertain economy and are having trouble affording essentials such as groceries as they contend with persistent inflation, high interest rates and concerns around tariffs.
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