With the economy in flux and prices continuing to rise, more consumers are saying yes to buy now, pay later offers. And not just for instant gratification on big-ticket items like a couch or a laptop. Struggling families are using it to spread out payments for essentials like food.

Bloomberg reporters Augusta Saraiva andPaulina Cachero join this episode to talk about the popularity of buy now, pay later services–and the fees for those who fall behind on payments. And we hear from a single mother who reluctantly uses the services to help make ends meet.

Read more: Americans Go Deeper Into Debt as They Use Buy Now, Pay Later Apps for Groceries.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

With the economy in flux and prices continuing to rise, more consumers are saying yes to buy now, pay later offers. And not just for instant gratification on big-ticket items like a couch or a laptop. Struggling families are using it to spread out payments for essentials like food. Bloomberg reporters <a href="https://www.bloomberg.com/authors/AVRj7wneDTo/augusta-saraiva">Augusta Saraiva</a> and <a href="https://www.bloomberg.com/authors/AVnL_Ten33g/paulina-cachero">Paulina Cachero</a> join this episode to talk about the popularity of buy now, pay later services–and the fees for those who fall behind on payments. And we hear from a single mother who reluctantly uses the services to help make ends meet.
Read more: <a href="https://www.bloomberg.com/news/articles/2023-04-18/high-grocery-prices-make-americans-use-buy-now-pay-later?srnd=premium">Americans Go Deeper Into Debt as They Use Buy Now, Pay Later Apps for Groceries</a>.
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a> 
Have questions or comments for Wes and the team? Reach us at <a href="mailto:bigtake@bloomberg.net">bigtake@bloomberg.net</a>.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

People Are Using Buy Now, Pay Later Just To Make Ends Meet

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