Part 1/10:
The Debt Crisis in America: Understanding Buy Now Pay Later Services
In recent times, the rise of Buy Now Pay Later (BNPL) services has gained significant attention, highlighting the intricate relationship between consumer behavior and financial literacy. This modern model of spending, in collaboration with companies like Door Dash, has allowed consumers to finance their meals through installment loans. While this may seem like a benign solution to acquiring goods that would otherwise be unaffordable, it raises critical questions about consumer debt and the financial landscape of America today.