Buy Now, Pay Later: A Dangerous Trend?

The "buy now, pay later" practice is making a comeback, reminiscent of the era of credit cards and consumer loans before the financial crisis. As reported by newmoney.gr, this ease can lead to household over-indebtedness.

The ability to defer costs to the future creates an illusion that consumption can precede income. However, the financial crisis showed that this ease can turn into a trap, with millions of households facing unsustainable installments.