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From the New York Times, I'm Natalie Kittrow-F.
This is The Daily.
As Americans struggle with rising costs just about everywhere, they're increasingly turning to a new form of credit.
Buy now, pay later loans.
Those loans have exploded since the pandemic, in part because they're easier to get and often cheaper than credit cards.
And now, people are relying on them for everything from groceries to rent.
Today, my colleague Stacey Cowley explains the draw and the hidden risks of buy now,
pay later loans and what their rise says about the state of the American consumer.
It's Tuesday, September 8th.
Stacey, welcome back to the show.
I love having you here.