July 6, 2022

These are the tales making headlines in vogue on Monday.

How Gen Z is falling into debt
For Elle, Andrea Cheng explores the methods wherein TikTok, fast-fashion tradition and BNPL (purchase now, pay later) choices like Klarna, Affirm and Afterpay are sending Gen Z into debt. “What makes utilizing BNPL so irresistible and extra interesting than, say, a bank card is that nearly anybody (with a checking account, that’s) can benefit from it, no matter whether or not you may have low credit score — or any credit score in any respect,” writes Cheng. “So, it is easy to see why Gen Z, a demographic that will not have entry to bank cards, however, for the primary time of their lives, have spending energy, are a pure goal.” {Elle}

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