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My neighbor's kid just explained 'buy now, pay later' to me and I felt ancient
I was helping him with a project and he needed a part. He said he'd just use a BNPL app and pay it off over a few weeks. I asked if he was worried about interest, and he looked at me like I had three heads. 'It's not a credit card, it's just... splitting it up.' He said he does it for stuff under $100 all the time. I've been so focused on credit card rewards and APRs that I completely missed how normal this has become for a whole generation. They don't see it as debt, just a payment method. Is this how checking accounts felt to people who only used cash?
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lilyb2710d ago
Forget interest, does he even know about the late fees? Those things can be brutal if you miss a payment by a day. It's wild that they see zero percent financing on a $30 t-shirt as normal. Do you think this just trains them to accept monthly payments for every single thing in life?
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