Buy now, pay later...but read the fine print | What's the Story?

Thanks to Afterpay and Klarna, it’s easier than ever to buy in installments. Now, the model is coming for necessities. The buy now pay later concept isn’t new, but as startups make it more popular, what might be the unforeseen consequences, and why might Americans be particularly susceptible to going into more and more debt? Terry Nguyen wrote about this for The Goods. 

Read the full story: 

https://www.vox.com/the-goods/2021/5/11/22429014/buy-now-pay-later-pandemic-expansion

Enjoyed this episode? Rate Vox Quick Hits ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts.

Subscribe for free. Be the first to hear the next episode of Vox Quick Hits by subscribing in your favorite podcast app.

This episode was made by: 

• - Hosts: Rebecca Jennings (@rebexxxa) Meredith Haggerty (@manymanywords)
• - Producer: Taylor Maycan, Schuyler Swenson
• - Engineer: Paul Mounsey

Support Vox Quick Hits by making a financial contribution to Vox! bit.ly/givepodcasts

Learn more about your ad choices. Visit podcastchoices.com/adchoices