People Are Using Buy Now, Pay Later Just To Make Ends Meet
Big Take
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The Risks of Buy Now Pay Later
The Department of Agriculture estimates that a family of four, they need to spend $1,000 per month to get a nutritious diet. Grocery prices are actually up 8.4% from last year compared to the overall inflation in the West is even higher. Buy Now Pay Later can be a really useful financial tool for people who know how to use it properly. But the risk that we see comes from the lack of regulation at the federal and state level.
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Transcript
