Must Read: ‘Buy Now, Pay Later’ Is Driving Gen Z into Debt, Snapchat Might Finally Crack Virtual Shopping


These are the stories making headlines in fashion on Friday.

“Buy now, pay later” is driving Gen Z into debt
“Buy now, pay later” payment options — like Klarna, Affirm and AfterPay — are increasingly popping up on e-commerce sites and in influencer sponcon. But while these point-of-sale loans are exploding in popularity, they’re also driving Gen Z into debt: Surveys indicate that 43% of Gen Z users have missed at least one payment, with some providers charging up to 30% APR on loans. Joshua Bote details the growing crisis for SFGate. {SFGate}

Source link

Leave a Reply

Your email address will not be published.