I keep hearing people express dismay that people are financing their lunch, sneakers, or concert tickets.
But this has been the norm for a while, no? I can't remember the last time I didn't utilize credit at a restaurant or retail store. If you use credit cards, it doesn't make sense to reflexively admonish people for using BNPL for everyday purchases.
To be sure, BNPL is in many ways a predatory innovation. But it isn't totally novel. It seems like a natural consequence of what came before.
But this has been the norm for a while, no? I can't remember the last time I didn't utilize credit at a restaurant or retail store. If you use credit cards, it doesn't make sense to reflexively admonish people for using BNPL for everyday purchases.
To be sure, BNPL is in many ways a predatory innovation. But it isn't totally novel. It seems like a natural consequence of what came before.