Record Number Of Americans Embrace 'Buy Now, Pay Later' Loans For Daily Essentials As Rising Costs Squeeze Households

About Record Number Of Americans Embrace 'Buy Now, Pay Later' Loans For Daily Essentials As Rising Costs Squeeze Households

As rising living costs strain household finances, more Americans are turning to buy now, pay later loans to afford essential items like groceries and fuel. A recent survey shows that 41% of respondents have considered BNPL options, with many already holding multiple loans. Particularly among Gen Z, usage is high, reflecting significant financial pressure. The trend indicates that consumers increasingly rely on short-term credit to cover daily expenses amidst inflation and economic challenges.