Money is tight, food prices are soaring, and that’s turning more and more Americans to buy now, pay later options to stay afloat.
Last year, some 15 million consumers — or 6.5% of the US population — reported using BNPL installment loans to pay for groceries or manage their weekly food expenses, according to research from PYMNTS Intelligence. Out of that share, about 5.4% of the households using BNPL to afford groceries were low-income.
Meaning there was still a slim share of…
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