💨 Abstract

The article discusses the rising financial struggles among users of "buy now, pay later" (BNPL) services like Klarna. More customers are falling behind on payments, indicating financial stress as U.S. consumer debt hits $18.2 trillion. BNPL plans, popular among younger consumers and minorities, allow purchases to be split into installments but can lead to overextension and increased fees.

Courtesy: WTOP Staff