People Are Using Buy Now, Pay Later Just To Make Ends Meet
Big Take
00:00
The Rise of Buy Now Pay Later Services
70% of Buy Now Pay Later users already have credit card debt. On average they have $12,000 less in savings than non-buy now pay later users. People are using this as a last resort to buy groceries and other essentials. It tends to be minorities that use these services: Hispanic and Black users.
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Transcript
