Americans Turn to BNPL for Survival Amidst Economic Stress

The use of buy now, pay later (BNPL) loans is surging as Americans struggle with rising costs and economic uncertainty. A recent survey by LendingTree revealed that a substantial portion of Americans are turning to BNPL for essential purchases like groceries, even if they can’t make their payments on time. The increasing dependence on BNPL highlights the growing financial strain caused by inflation, high interest rates, and lingering concerns about global economic instability, including potential trade tensions.