4 ms·
See also: Credit Cards
by epa 3y ago
See also: Credit Cards
- toomuchtodo 3y agoBNPL 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.” https://www.consumerfinance.gov/data-research/research-reports/consumer-use-of-buy-now-pay-later-insights-from-the-cfpb-making-ends-meet-survey/ https://www.consumerfinance.gov/data-research/research-repor...