Over half of Americans are using buy-now-pay-later programs to cover essentials

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Over half of Americans are using buy-now-pay-later programs to cover essentials

Buy now, worry later.A recent survey reveals that more than half of Americans are using layaway or buy-now-pay-later (BNPL) programs to cover everyday purchases, including groceries.According to a survey by New York-based marketing agency PartnerCentric.com, 52 percent of Americans now rely on installment-based payment services.The most popular items purchased through BNPL include medium to large products like electronics, furniture and home goods, with an average minimum price of $250.But 31 percent of consumers also reported using those programs for essentials like groceries, highlighting the financial strain many households are facing.BNPL programs are especially popular among younger Americans, with 59 percent ..