Buy Now Pay Later: It’s More Complicated Than You Think

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ABC News

News, Daily News, Politics

4.5 • 6.4K Ratings

🗓️ 25 November 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this Black Friday, we want to take a look at not what Americans are buying, but how they're paying for it. Producer Iru Ekpunobi takes a look at the growth of ‘Buy Now Pay Later' services among disillusioned Gen-Z shoppers and what a rise in installment payments can tell us about the current state of the consumer economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Here's a Black Friday deal to obsess over.
0:02.2	Get Hulu for just $199 per month for an entire year.
0:05.3	Go ahead.
0:06.1	Be obsessed.
0:07.0	Ends 1128-22.
0:08.8	Hulu with ads plan only $199 per month for 12 months,
0:12.4	then $799 per month, or then current regular monthly price.
0:20.4	Hey, hope you had a good Thanksgiving, and you know what today is.
0:23.2	It's Black Friday, the day when so many people do their shopping.
0:26.2	Maybe you're one of these people with that family tradition,
0:28.3	or you show up at the mall overnight.
0:29.7	Maybe you've lived a whole life before this episode even dropped.
0:33.4	But today, I want to dive into something
0:35.4	that's been coming up more and more in this holiday spending season.
0:38.6	Not what we're buying, but how we're buying it.
0:41.6	Our producer, Iru Ekpanobe, is with us.
0:43.4	She's usually editing these segments.
0:45.0	Today she is on the mic.
0:46.3	Hey, Iru.
0:47.0	Hey, Brad.
0:47.7	And if I'm an old millennial, you are very much a young Gen Zier.
0:52.7	I can confirm.
	...

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