Consumers are increasingly using "buy now, pay later" services to cover everyday expenses. Federal Reserve data shows that spending through these services has doubled in two years, reaching $160 billion last year. This shift indicates a change from primarily using these services for large purchases.

Many people struggle to keep up with payments. For some, these services have become a necessary part of managing household budgets. They are used for essential expenses such as gas, groceries, and daycare due to high costs.

Further details on this trend are available, including personal stories of those using these services to make ends meet.