Fashion

Must Read: ‘Buy Now, Pay Later’ Is Driving Gen Z into Debt, Snapchat Might Finally Crack Virtual Shopping

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These are the tales making headlines in vogue on Friday.

“Purchase now, pay later” is driving Gen Z into debt
“Purchase now, pay later” fee choices — like Klarna, Affirm and AfterPay — are more and more popping up on e-commerce websites and in influencer sponcon. However whereas these point-of-sale loans are exploding in recognition, they’re additionally driving Gen Z into debt: Surveys point out that 43% of Gen Z customers have missed a minimum of one fee, with some suppliers charging as much as 30% APR on loans. Joshua Bote particulars the rising disaster for SFGate. {SFGate}



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