"Rise of Buy Now, Pay Later: Impact on Consumer Credit and Shopping Habits"

The "buy now, pay later" (BNPL) trend, popular among young consumers, is expanding beyond luxury items to include everyday essentials like groceries and household goods. Young borrowers, facing higher prices and financial challenges, are increasingly turning to BNPL services for managing their expenses. While some worry about the potential for risky spending, others see BNPL as a responsible option for financing essential goods.