Increased Use of Buy Now, Pay Later Loans for Groceries

A growing number of Americans are using buy now, pay later loans to buy groceries, with more people paying those bills late, indicating financial strain due to an uncertain economy, persistent inflation, high interest rates, and concerns around tariffs.

Rise in Buy Now, Pay Later Loans for Groceries and Late Payments

A growing number of Americans are turning to buy now, pay later loans to purchase groceries, leading to an increase in late payments. Consumers are facing challenges due to inflation, high interest rates, and economic uncertainty. Concerns arise about the impact of using these loans on financial stability.

Economic Challenges Faced by Working Americans

Rep. Debbie Dingell expressed concerns about high prices of groceries, rent increases, and affordability of homes during an interview with C-SPAN.

Food Prices and Inflation in the U.S.

Former President Donald Trump expressed concern about rising food prices, stating that many people cannot afford to buy groceries due to inflation. He highlighted the impact of increased food prices under the Biden administration.