More and more Americans are using buy now pay later loans… Millennials and Gen Zers are quietly working second jobs as they live paycheck to paycheck

by BoatSurfer600

Source: Yaliberty Instagram

Everything is fine …

Forget quiet quitting. Millennials and Gen Zers are quietly working second jobs as they live paycheck to paycheck

You’ve heard the stereotypes about millennials and Gen Z in the workforce. There’s the old trope that they spend too much money on avocado toast or the newer one that they waste too much time on TikTok, and of course the underlying assumption that the youngest employees are supposedly lazy or not hardworking. But these beliefs couldn’t be further from the truth. These young people just might seem checked out of their job because they are struggling to make ends meet and working another job after hours that their boss doesn’t know about. After all, 22,000 workers from around the world is a pretty big sample size.

 

Americans Using BNPL to Make Ends Meet, With 27% of Users Bridging Paycheck Gaps and 21% Buying Groceries

Buy now, pay later (BNPL) loans aren’t only for fancy shoes, kitchen appliances and gaming systems. Millions of Americans use these loans as lifelines.

The newest LendingTree survey finds that 27% of BNPL users say they use these loans as a bridge to their next paycheck, which can help them make ends meet amid rampant inflation, rising interest rates and headline-making layoffs. The loans are also being used to purchase basic necessities. Case in point: 21% of BNPL users say they’ve used one of the loans to buy groceries.

 

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