May 22, 2025 08:15 (EAT) • 10 months ago
Why are more shoppers struggling to repay 'buy now, pay later' loans?
Shoppers who opt to finance purchases through BNPL services tend to be younger than the average consumer, and a study from the Federal Reserve last year said Black and Hispanic women were especially likely to use the plans, which customers of all income levels are increasingly adopting....