Why buy now, pay later debt could become a problem for the U.S. economy
Publishing timestamp: 2024-06-20 06:02:01
Summary
Buy now, pay later options are growing in popularity, but concerns are rising about the lack of visibility into the amount of debt consumers are accumulating through these services. While some believe the debt is manageable, others worry about the potential economic consequences of not being able to track the growth of buy now, pay later loan debt. Regulatory efforts are being made to monitor this segment more closely.
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Keywords: personal finance, jobs, economy, business, business news, united states, wells fargo & co, life, u.s. economy, video first,