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Americans increasingly resorting to buy now, pay later loans for necessities like food and fuel

High inflation already sparked a surge in credit card debt, but now data shows consumers are increasingly using 'buy now, pay later' loans for essentials.

New yorkUnited statesJohn carneyDavid bahnsenKrista phillipsNew york timesFederal reserve bankLabor departmentWells fargoTrae bodge

Some consumers using credit card rewards to pay for essentials amid high inflation, study says

A Wells Fargo study said that consumers are increasingly using credit card rewards as a way to offset higher costs.

New yorkUnited statesRobert triestRoger marshallRichard durbinKrista phillipsFederal reserve bankNortheastern universityBureau of labor statisticsFederal reserveWells fargoLabor statisticsReserve bankCard competition actTax reformPersonal finance

Some consumers using credit card rewards to pay for essentials amid high inflation, study says

A Wells Fargo study said that consumers are increasingly using credit card rewards as a way to offset higher costs.

New yorkUnited statesRobert triestRoger marshallRichard durbinKrista phillipsFederal reserve bankNortheastern universityBureau of labor statisticsFederal reserveWells fargoLabor statisticsReserve bankCard competition actTax reformPersonal finance

Some consumers using credit card rewards to pay for essentials amid high inflation, study says

A Wells Fargo study said that consumers are increasingly using credit card rewards as a way to offset higher costs.

New yorkUnited statesRobert triestRoger marshallRichard durbinKrista phillipsFederal reserve bankNortheastern universityBureau of labor statisticsFederal reserveWells fargoLabor statisticsCard competition actTax reform

Some consumers using credit card rewards to pay for essentials amid high inflation, study says

A Wells Fargo study said that consumers are increasingly using credit card rewards as a way to offset higher costs.

New yorkUnited statesRobert triestRoger marshallRichard durbinKrista phillipsFederal reserve bankNortheastern universityBureau of labor statisticsFederal reserveWells fargoLabor statisticsReserve bankCard competition actTax reform

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