No, Gen Z's not drowning in buy-now-pay-later debt—yet. But experts warn it could trap them in a vicious cycle of overspending and impulse splurging

Gen Zers walking together holding many shopping bags (Credit: Getty Images)

• Some 30 million Gen Zers are cutting up their credit cards and opting for buy now, pay later services to pay for their doom spending habits. And while it can bring flexibility, experts warn it could “trap” some shoppers in a cycle of overspending and impulsive splurging.

Young people’s love for procrastination is finally hitting a new phase: their finances.