Asian Spectator

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Buying gifts? Why ‘buy now, pay later’ could be a dangerous option for many holiday shoppers

  • Written by Jay L. Zagorsky, Clinical associate professor, Boston University
Buying gifts? Why ‘buy now, pay later’ could be a dangerous option for many holiday shoppersGift-giving can be a joyful part of the holiday – unless it leads to a raft of late fees.DNY59/E+ via Getty Images

Gift-givers hoping to splurge this holiday season despite the pinch of high inflation have an easy option: buy now, pay later.

An ever-growing number of financial companies and apps are offering consumers what are essentially...

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