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‘Buy Now, Pay Later’: A New Wave of Consumer Debt

‘Buy Now, Pay Later’: A New Wave of Consumer Debt

The Daily vor 2 Wochen

Americans are increasingly using the loan model for everyday essentials.

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As people in the United States struggle with rising costs, they
are increasingly turning to “buy now, pay later” loans for
essentials such as rent and groceries.

Stacey Cowley, a business reporter for The New York Times,
explains the draw and the hidden risks of the loan model.

Guest: Stacy Cowley, a business reporter at The
New York Times, with a focus on consumer finance.

Background reading:

“Buy now, pay later” lenders have pitched loans for needs
like electricity and rent.

They got to live a life of luxury. Then came the fine print.

Photo: Amir Hamja for The New York Times

For more information on today’s episode, visit
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