Buy Now, Pay Later Becomes a Financial Lifeline as Consumer Loans Reach $19 Trillion
The 'buy now, pay later' (BNPL) model has become increasingly popular in the U.S., especially among lower-income households. With over half of Americans having used BNPL services and loan volumes rising sharply since 2019, concerns are growing about financial risks associated with this trend.
Topics: credit debt financial behavior lower-income households