Buy now, pay later helped fuel record holiday spending online in 2023, but now that those bills are coming due, consumers aren't sure how they'll pay them.
It is a trap because, for a lot of people, money isn’t a number but an on/off switch. You either have enough money to buy something or you don’t instead of being able to understand the short and long term impacts of taking on debt.
Some personal debt can be beneficial, but a lot can lead to major problems.
It is a trap because, for a lot of people, money isn’t a number but an on/off switch. You either have enough money to buy something or you don’t instead of being able to understand the short and long term impacts of taking on debt.
Some personal debt can be beneficial, but a lot can lead to major problems.