The Federal Reserve Bank of New York found that struggling consumers are using BNPL for everyday purchases, which could add to their debt.
  • Sekrayray@lemmy.world
    9·
    4 months ago

    I’ve been saying for a few years now that the source of the next economic crash is going to be these services. We are essentially allowing the everyday consumer to create lines of credit on lines of credit. How many people are using these to extend their credit cards that are already deficient?