BNPL is a behavioral economics hack to convince young cohorts to spend when they don’t have purchasing power. It’s payday lending masquerading as consumer benefit.
If you can’t afford something, be wary when someone says “no worries, you can borrow to pay for it.”
If you can’t afford something, be wary when someone says “no worries, you can borrow to pay for it.”
https://www.consumerfinance.gov/data-research/research-repor...