Americans increasingly reliant on loans for groceries - survey

Around a quarter of buy now, pay later users are funding their food with the loans, a fresh survey indicates

Americans are increasingly reliant on buy now, pay later (BNPL) loans to purchase their groceries, a survey conducted by online lending marketplace Lending Tree indicates. The trend is bound to continue and the situation is unlikely to improve in the near term, the marketplace’s analysts warn, citing inflation, high interest rates and growing concerns around tariffs.