Nearly a third of Americans are now using buy now, pay later loans to pay for groceries, as rising food prices continue to put pressure on household budgets, according to a new survey.
The poll found that 29 percent of BNPL users have used the loans to purchase groceries, roughly double the share from two years ago, LendingTree reports. The trend is even more pronounced among younger consumers, with 38 percent of Gen Z users reporting they’ve used BNPL for food purchases.
