April 26, 2025 - 23:26
Consumers are increasingly turning to buy now, pay later (BNPL) plans to manage the cost of essential items like groceries, reflecting growing concerns about the economy. A recent survey highlights a significant uptick in the use of these financing options, as individuals seek ways to cope with rising food prices and inflationary pressures.
While BNPL services offer the allure of immediate access to goods without upfront payment, the survey also reveals a troubling trend: more consumers are struggling to meet repayment deadlines. This shift indicates that while the flexibility of BNPL can provide short-term relief, it may lead to financial strain for many users in the long run.
As grocery costs continue to climb, the reliance on BNPL plans may increase, raising questions about the sustainability of this payment method. Financial experts warn that consumers should approach these loans with caution to avoid falling into a cycle of debt.
