Rising BNPL Defaults Signal Growing Debt Crisis
TL;DR Summary
The rise of Buy Now, Pay Later (BNPL) programs in the US is leading to increased consumer debt and financial instability, especially among younger and lower-income individuals, while regulatory oversight remains weak, exacerbating economic inequality and consumer vulnerability.
- The Debt Economy Is Eating Everyone Alive Jacobin
- Fed, PYMNTS Reports Highlight How Financially Strained Consumers Use BNPL PYMNTS.com
- ‘Bellwether of Risks’: What ‘Buy Now, Pay Later’ Defaults Say About the Consumer The New York Times
- ‘Buy Now, Pay Later’ Crisis Brews Under Trump’s Watch The Daily Beast
- Klarna IPO Update: Earnings Recap/Estimate Changes, 1Q25 Net Loss Widened to ~$101M Smartkarma
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