Americans Financing Groceries with BNPL: A Growing Trend

As the economic landscape shifts, more Americans are turning to buy now, pay later (BNPL) loans to finance their grocery purchases, with a staggering 25% now relying on this method, up from just 14% in 2024. However, the trend comes with concerns, as 41% of users reported late payments on these loans in the past year. In this video, we dive into the latest Lending Tree survey results, uncovering the impact of high inflation and interest rates on consumers’ ability to afford essentials. Join us to explore this growing trend and its implications for budgeting and financial health. Don't forget to like and share your thoughts!

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00:00:00

Introduction
00:00:24

Survey Details
00:00:56

Expert Analysis - Matt Schulz
00:01:30

Economic Outlook
00:01:47

Risks of BNPL
00:02:13

Cautionary Advice
00:02:27

Conclusion
00:02:57

Economic Pressures