Loan Digest

Why buy now, pay later debt could become a problem for the U.S. economy

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Juniper Research estimates that buy now, pay later transactions could reach nearly $700 billion by 2028.

Buy now, pay later options are becoming more accessible to consumers. A quarter of Americans surveyed in April 2024

"We've often referred to this as phantom debt, where it's sort of flying under the radar and not really something that anybody has a good grasp on," Shannon Grein, one of the authors of the December note, told CNBC. This 30-year-old made $66,000 selling trash last year. His finds include Fendi bags and hundreds in cash

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 545. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why buy now, pay later debt could become a problem for the U.S. economyJuniper Research estimates that buy now, pay later transactions could reach nearly $700 billion by 2028.
Source: NBCLA - 🏆 319. / 59 Read more »