Klarna & Buy Now, Pay Later: A Warning for the Economy?

HereS a breakdown of the key arguments presented in the article, focusing on Gen Z‘s relationship with debt:

1. A Shift in Perspective on Debt:

“If the government owes all this money, surely I can have a little bit of debt, too.” This quote encapsulates a feeling of normalization of debt, stemming from the perception of massive government spending. Debt is increasingly seen as structural to personal identity, tied to access to essential things like housing and loans.
The ease of access to credit (BNPL, credit cards) contributes to this normalization.

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