Summary
Gen Z is increasingly relying on “buy now, pay later” (BNPL) services for holiday shopping, with spending projected to rise 11.4% this year, totaling $18.5 billion.
These services appeal to younger consumers with limited credit histories but can lead to overextension, as they lack centralized reporting and encourage overspending.
Experts warn of accumulating fees, particularly when BNPL plans are tied to credit cards.
With inflation and rising credit card debt already burdening Gen Z, consumer advocates caution that these services may worsen financial instability despite their convenience.
It’s the 1% vs the working class, not generation vs generation.
I agree 100%.
Every article about “gen z is terrible” or “boomers had it so easy” should be viewed as a way for capital to divide labor.
Boomers are the reason gen z has it so bad.
Being misanthropic means you can blame all of the generations