Deferred-payment apps are increasingly popular in life, allowing consumers to split payments for everyday purchases like food. Klarna's recent partnership with DoorDash exemplifies this trend, as BNPL services have shifted from major items to daily needs. As economic anxiety rises, the number of Americans utilizing these services has grown, with significant dollar values transacted. However, despite their appeal, these financial tools can lead to excessive debt and highlight a concerning trend in consumer borrowing habits amid warnings from agencies on their use.
Deferred-payment services have transitioned from financing big purchases to everyday items, raising concerns about financial responsibility and potential consumer debt.
With Americans using buy-now, pay-later options significantly, a rising demand may indicate economic anxiety and shifting consumer habits amidst inflation fears.
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