A quarter of U.S. consumers are now financing groceries with buy now, pay later as economic pressures mount, survey says

- Consumers experience a strainer from economic uncertainty and more converts to funding for basic purchases of grocery products. The April April survey shows that the growth of Americans now goes to buy, pay later for foods, compared to 14% of 2524 this year.
More Americans use basic purchase financing options, the last sign of concern over the health of the economy. Consumers have more and more to buy-pay-to-pay-later (BNPL) services for food, according to the market loan, and more payments pay more than those buyers.
One quarter of buyers used BNP for foods until 14% using service Tree planting calculation 2000 American adults held in early April.
At the same time, 41% of respondents said they had paid their loan over the past year, although the overwhelming majority paid the money in a week or less. Men, young people and higher-income borrowers are more likely to pay late payments.
The growth of the popularity of BNP has coincided with the growth of fear of falling as a result of uncertainty over tariffs and interest rates. The consumer mood has continued to weakenHOW MANY FREE FREE 52.2 FREE 57 FREE. Eght voting according to Associated Press:– The Center for Public Affairs Research is “extremely” or “very” concerned about the possibility of a decline in the next few months.
“It is clear that people are fighting for inflation and other economic uncertainty, people look at BNP loans to help in their budget, according to Matt Schulz. FortuneA number
BNPL-A service that allows users to pay the purchase of additional pieces, has become an attractive option for consumers who are interested in credit card risks or credit rate. However, it can also lead to a corrective of money loan system overlay and debtAllowing services to provide service credit companies to jump hidden late fees.
Payment strategy Invested in high income Searching for luxury products, but its growing popularity can announce the movement of people’s financial priorities.
“When you buy now, the payment began later, it usually treated designers’ bags and similar items,” Schultz said. “But now people look at it for food and food delivery.”
Bnpl’s growing appetite
BNP services that are offered programs such as CLINT, already Find new basees with consumers. Donslef Last month declared a partnership To delay clients with Clanes to postpone or divide payments on food orders. At the same time, the loan service is still common for large tickets for purchases. Advertising panel: has been found 60% of total admission tickets COACHELLA used a payment plan for the Music Festival. Festival workers can pay $ 49.99 for the event, up to $ 599.
BNPL’s Ubiquity can show growing convenience of financial risks, especially among young costs.
“We have a gambling economy,” said Kyla Scanlon, Gen Z Economic commentator In social media Last month. “We have Mehmekon, sports betting. We love a good deputy in the United States and we can do it completely to communicate. How, we don’t even need to put pants. “
At the same time, consumers are generally trying to avoid risk of economic uncertainty, and BNP’s growth of signal consumers interpret the service as more risky, which cannot manage their credit. Against the current economic background, these loans must remain popular, Schultz predicted.
“I don’t think there is any reason to believe that this is going to do anything than to grow,” he said.
This story was originally shown Fortune.com