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29 Nov 2023

Buy Now, Pay Later Trend Grows for Holiday Shopping

'Buy now, pay later' plans are expected to dominate this holiday shopping season, with Adobe Analytics forecasting $9.3 billion in November spending, a trend that pleases retailers but concerns credit experts. With consumer-friendly terms, these short-term loans are especially attractive to younger consumers and those with limited credit access. Although they can enhance financial inclusion, they also pose a risk of leading shoppers into excessive debt. [Source](https://abcnews.go.com/Business/wireStory/americans-expected-buy-now-pay-holidays-analysts-growing-105089238?cid=social_twitter_abcn)