Affirm CEO: This is the most financially responsible generation

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Added 2 months ago by VideoK

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Buy Now, Pay Later services are increasingly popular as Americans rack up record debt and feel the pressure of inflation. Max Levchin, founder and CEO of Affirm, sat down with CNN's Matt Egan to talk about how consumers are increasingly paying for things later.

Americans are increasingly falling behind on their credit card bills and car loans as years of high inflation take their toll. This spike in delinquencies is raising fears about the Buy Now, Pay Later boom. Critics worry these increasingly popular short-term lenders are allowing shoppers to pile on even more debt — at exactly the wrong time.

Produced by John General
Supervising Produce: Jackson Loo

#cnn #news #finance #economics