More Americans are buying groceries using buy now, pay later: Survey
Summary
More Americans are using buy now, pay later loans to buy groceries. The number of people using these loans for groceries has doubled compared to two years ago.Key Facts
- About one-third of buy now, pay later users spend these loans on groceries.
- This is twice as many people as two years ago.
- Buy now, pay later allows people to pay for groceries later in installments.
- The increase suggests more shoppers rely on these loans for everyday needs.
- The data comes from a recent survey tracking loan usage.
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