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Desperate Consumers Tap Buy Now, Pay Later Option For Food, Basics

At a glance

  • More Americans tapping buy now, pay later services for groceries ‘shows the height of personal desperation,’ Harvard researcher says.
  • “The fact that there’s a large number of Americans that simply can’t afford to buy food highlights the desperation that this economic climate creates,” said Marshall Lux, a fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School.
  • “Once people start stretching out grocery payments it shows the height of personal desperation,” Lux added.

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