Americans are using buy now, pay later more than ever. Here’s what to know if you’re one of them
Federal Reserve research shows Americans used buy now, pay later plans for over $160 billion in spending last year. These services are increasingly being used for essential expenses like groceries and rent.
NEW YORK (AP) — Americans spent more than $160 billion last year using buy now, pay later plans, according to research published by Federal Reserve economists. Experts say they’re increasingly seeing people use the plans for everyday expenses like groceries, bills, transportation and, sometimes rent. “It has been very hard out there for a lot...
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