Buy Now, Pay Later providers are more and more in style as Americans rack up report debt and really feel the strain of inflation. Max Levchin, founder and CEO of Affirm, sat down with CNN’s Matt Egan to speak about how shoppers are more and more paying for issues later.
Americans are more and more falling behind on their bank card payments and automobile loans as years of excessive inflation take their toll. This spike in delinquencies is elevating fears in regards to the Buy Now, Pay Later increase. Critics fear these more and more in style short-term lenders are permitting consumers to pile on much more debt — at precisely the unsuitable time.
Produced by John General
Supervising Produce: Jackson Loo
#cnn #information #finance #economics
