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A record number of Americans have been using “buy now, pay later” apps amid the surging inflation seen in Biden’s economy.showed 6.5 percent of Americans, roughly 15 million, have been using BPNL apps to pay for groceries since last year. Per the
Of those using the apps — offered by fintech services such as Affirm, Klarna, Afterpay and PayPal — around 5.4% were low-income Americans, according to the study.published research which found that people with a credit score under 620 were nearly three times as likely as financially stable consumers to use BNPL five or more times last year.
BPNL loans are short-term loans with fixed payments at little to no interest. They have also been called “point-of-sale installment loans.”discovered that they have begun using BPNL loans for items like travel and even contact lenses, garbage bags, and even first-aid antiseptics.. While it’s true inflation has fallen from nine percent to 3.1 percent, it has been trending upward for the past three months.
The monthly pace of inflation began to rise in November last year and has increased in each subsequent month, according to the Department of Labor’s consumer price index.Report: CIA Blocked Investigators from Interviewing Kevin MorrisDemocrats Mostly Win 2024 DHS Budget BattleWoke Intelligence Officials Created ‘Guidelines’ When Talking about China to Not Offend Asian Employees
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