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Taxes · Bensenville

Editorial: Americans are buying milk with borrowed money. No time for local grocery taxes.

67% Right coverage: 3 sources

A growing number of Americans are using “buy now, pay later” loans to pay for groceries. They’re borrowing money to buy milk. Of BNPL users, 25% say they’ve used the loans for groceries, up from 14% a year ago, according to a LendingTree survey. More stores and services are offering the option to cover purchases via BNPL, including Walmart and Instacart. Also, companies such as Sezzle offer an app that provides funds to shop for groceries. BNP…See the Story

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