Buy Now, Pay Later Delinquencies Surge as Industry Booms

Vulnerable consumers, particularly younger and lower-income borrowers, face financial hardship as inflation and rising delinquencies strain their ability to manage multiple installment obligations.

Across America's digital checkout screens, a quiet financial reckoning is unfolding. The buy now, pay later industry, which grew twelvefold between 2019 and 2021 to reach $24.2 billion, promised a gentler path to consumption — but delinquency rates are now rising faster than those of traditional credit cards, exposing the fragility beneath the convenience. Younger and lower-income borrowers, drawn by interest-free installments and shielded from credit scrutiny by an industry that largely avoids reporting to bureaus, have accumulated invisible debt at a moment when inflation leaves little margi

Buy Now, Pay Later Delinquencies Surge as Industry Booms

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