‘Buy Now, Pay Later’ Services Are Normalising Debt for a Generation Who Might Never Have Mortgages
by Jack Palfrey
In seeking new ways to repackage debt and sell it to millennials and Gen Zers - who are now not only disenfranchised from, but also increasingly disinterested in, the traditional debt traps of home-ownership and higher education - services like Klarna have emerged as the latest financial instrument to make the accumulation of debt feel not just normal, but desirable, writes Jack Palfrey.

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