Summary
Gen Z is increasingly relying on “buy now, pay later” (BNPL) services for holiday shopping, with spending projected to rise 11.4% this year, totaling $18.5 billion.
These services appeal to younger consumers with limited credit histories but can lead to overextension, as they lack centralized reporting and encourage overspending.
Experts warn of accumulating fees, particularly when BNPL plans are tied to credit cards.
With inflation and rising credit card debt already burdening Gen Z, consumer advocates caution that these services may worsen financial instability despite their convenience.
I mean, we’ve been telling them their entire lives that the planet is doomed, and they have no future… So why the fuck not bring on the debt?
Because rampant over consumption is the reason the planet is doomed.
There is no ethical consumption while living a capitalist way of life.
It isn’t a black and white issue though. There is more ethical and less ethical, but less ethical tends to be cheaper and easier.