US Consumer Debt growing

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CNBC

More Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey says​


  • A Lending Tree survey found 25% of buy now, pay later users are funding grocery purchases with the loans, up from 14% in 2024.
  • The survey said 41% of respondents said they made a late payment on a BNPL loan in the past year, up from 34% in the year prior.
  • The figures are the latest evidence that some consumers are having trouble affording essentials such as groceries under the pressure of high prices and interest rates.
A growing number of Americans are using buy now, pay later loans to buy groceries, and more people are paying those bills late, according to new Lending Tree data released Friday.

The figures are the latest indicator that some consumers are cracking under the pressure of an uncertain economy and are having trouble affording essentials such as groceries as they contend with persistent inflation, high interest rates and concerns around tariffs.

More:

https://www.msn.com/en-us/money/per...S&cvid=998d73676911491da9a1e2100c014cc1&ei=24
 
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