Wednesday, September 14, 2022

More people are paying for groceries with buy now, pay later apps as inflation pinches

Grocery prices rose again in August, according to the monthly Consumer Price Index released Tuesday, and consumers are increasingly using buy now, pay later apps to cover the cost of rising food bills. 

In fact, 1 in 5 people who use BNPL services now say they've used the pay-over-time model to cover the cost of groceries, said Hugh Tallents, senior partner at management consulting firm cg42. Half of them do so regularly. 


This is how you get food riots.

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