excalibur
Diamond Member
- Mar 19, 2015
- 24,919
- 49,571
- 2,290
And using credit to buy food.
There's your Biden economy, there's your worst President of our and many lifetimes. An administration that is clueless and rotting from the head down while America slowly descends economically, and societally.
An increasing number of shoppers are leaning on buy now, pay later services as inflation continues to erode household budgets, according to Adobe Analytics' latest retail report.
A hefty number of them — are using it to foot the bill for groceries.
Within the first two months of 2023, the share of online purchases using such services, which help consumers pay over time, grew 10% year over year, according to Adobe Analytics.
The number of grocery shoppers using buy now, pay later services grew 40%. Home furnishings, another popular category in which consumers have been delaying payments, grew 38% during the same period.
AS ‘BUY NOW, PAY LATER’ PLANS GROW, SO DO DELINQUENCIES
However, usage for apparel only grew 8% and usage for electronics fell by 14%, according to the data.
...
www.foxbusiness.com
There's your Biden economy, there's your worst President of our and many lifetimes. An administration that is clueless and rotting from the head down while America slowly descends economically, and societally.
An increasing number of shoppers are leaning on buy now, pay later services as inflation continues to erode household budgets, according to Adobe Analytics' latest retail report.
A hefty number of them — are using it to foot the bill for groceries.
Within the first two months of 2023, the share of online purchases using such services, which help consumers pay over time, grew 10% year over year, according to Adobe Analytics.
The number of grocery shoppers using buy now, pay later services grew 40%. Home furnishings, another popular category in which consumers have been delaying payments, grew 38% during the same period.
AS ‘BUY NOW, PAY LATER’ PLANS GROW, SO DO DELINQUENCIES
However, usage for apparel only grew 8% and usage for electronics fell by 14%, according to the data.
...

More people are delaying paying up front
Consumers are increasingly relying on Buy Now, Pay Later services in order to cover the costs of their daily expenses amid the uncertain economic environment.