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Fortune

Fortune

Gen Z is drowning in debt as buy-now-pay-later services skyrocket: 'They're continuing to bury their heads in the sand and spend'

Fortune
Summary
Nutrition label

84% Informative

Adobe Analytics predicts shoppers will spend 11.4% more this holiday season using buy now, pay later plans.

The company forecasts shoppers will purchase $18.5 billion worth of goods using the third -party services for the period Nov. 1 to Dec. 31 .

The CFPB said in May , the companies must adhere to other regulations that govern traditional credit, such as providing ways to demand refunds.

VR Score

88

Informative language

89

Neutral language

61

Article tone

semi-formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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