US EditionBuy now, pay later is everywhere: Is it a ticking time bomb?
- Around half of U.S. Consumers aged 18 to 79 have used buy now, pay later loans for grocery purchases, with 25% using them for groceries, up from 14% in 2024, according to Lending Tree data.
- Forty-One percent of respondents reported making a late payment on a BNPL loan in the past year, an increase from 34% the previous year.
- Matt Schulz, Lending Tree's chief consumer finance analyst, stated that many consumers are struggling financially and looking to BNPL loans to extend their budgets.
- Over 80% of Pennsylvania residents believe that food costs are rising faster than their income, indicating growing food insecurity and support for nutrition assistance like SNAP.
19 Articles
19 Articles
Growing number of Americans are financing groceries with buy now, pay later loans
As inflation continues to strain household budgets, a growing number of Americans are resorting to Buy Now, Pay Later (BNPL) services to cover grocery costs, according to multiple reports. This trend highlights the financial pressures many face amid rising food prices and economic uncertainty. A recent article by CNBC notes that BNPL services, traditionally used […]
The Daily Item
The Tribune-DemocratPoll: Debt grows as food insecurity worsens, support for SNAP crosses party lines
HARRISBURG — A new poll on food insecurity in Pennsylvania reflects growing concern about affordability at the grocery store and broad agreement on the value of nutrition assistance programs.
NewsNation
Buy now, pay later is everywhere: Is it a ticking time bomb?
(NewsNation) — Americans have long relied on credit cards, but a newer financing trend known as “Buy Now, Pay Later” is gaining traction, with many consumers turning to short-term payment plans to cover everyday essentials like gas and groceries. A recent NerdWallet survey found that more than half of Americans (55%) have used buy now, pay […] The post Buy now, pay later is everywhere: Is it a ticking time bomb? appeared first on WNYmedia Networ…
Pharos-Tribune
EDITORIAL: SNAP recipients should receive decent food
Despite obvious problems with the conspiratorial RJK Jr. in his role as Health and Human Services secretary, he’s right about at least one thing: Americans need to focus on improving their health, and that’s going to mean cutting down on…
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