Desperate Consumers Tap Buy Now, Pay Later Option For Food, Basics
View Source | September 8, 2022 7:31 am
- More Americans tapping buy now, pay later services for groceries ‘shows the height of personal desperation,’ Harvard researcher says.
- “The fact that there’s a large number of Americans that simply can’t afford to buy food highlights the desperation that this economic climate creates,” said Marshall Lux, a fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School.
- “Once people start stretching out grocery payments it shows the height of personal desperation,” Lux added.
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