Americans are using buy now, pay later more than ever. Here's what to know if you're one of them
Americans spent more than $160 billion last year using buy now, pay later plans, according to research published by Federal Reserve economists.
TL;DR
- Americans spent over $160 billion on buy now, pay later plans last year.
- This data was published by Federal Reserve economists.
- The trend indicates a significant rise in the utilization of buy now, pay later services.