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.
I don’t understand it either. Unfortunately, I know quite a lot of people in my personal life that are terrible with money like that. A lot of people grew up in families with terrible financial sense and then they bring that with them into adulthood. Some people eventually figure it out but by that time they’re pretty late on getting their retirement planning going.
That’s true and it’s heartbreaking: when they realize they’ve screwed up their finances and that they should have had better sense, they’re far too gone. Families or school don’t teach this hard enough, if the phenomenon is so widespread.
I don’t understand it either. Unfortunately, I know quite a lot of people in my personal life that are terrible with money like that. A lot of people grew up in families with terrible financial sense and then they bring that with them into adulthood. Some people eventually figure it out but by that time they’re pretty late on getting their retirement planning going.
That’s true and it’s heartbreaking: when they realize they’ve screwed up their finances and that they should have had better sense, they’re far too gone. Families or school don’t teach this hard enough, if the phenomenon is so widespread.