Younger shoppers using buy now, pay later more: VantageScore CEO
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Credit card debt and delinquencies are rising, with some experts warning of a credit card crisis with the advent of holiday spending. Younger consumers are having to face a tough time as a Bank of America survey showed nearly three in four Gen-Zers have curbed their spending in response to higher inflation. VantageScore CEO Silvio Tavares joins Yahoo Finance’s Jared Blikre to discuss the state of credit and purchasing amongst younger consumers and the turmoil they may face going forward. Tavares comments on the rise of ‘buy now, pay later,’ saying “what we’re seeing is consumers shifting that spending to buy now, pay later…In three or four months there could […]