LoginKlarna, Affirm, Afterpay: How ‘Buy Now Pay Later’ Built a New Culture of Consumption
‘Buy Now, Pay Later’ has built a delirious new culture of consumption — and trapped users in a vortex of debt.
© Pool photo by Stephane Mahe
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Fears of Economic Turmoil Deepen in France as Another Prime Minister Quits
The surprise resignation of Sébastien Lecornu after less than a month in office intensified concerns that France would be unable to tackle its enormous debt pile.
The move by Prime Minister Sébastien Lecornu of France left worries that the country was becoming increasingly ungovernable.
Trump Is Pulling the Plug on Puerto Rico’s Economy
The purge of Puerto Rico’s oversight board could devastate the island’s economy.
China Is a Nation of Savers. Many Are Drowning in Debt.
As Beijing pushes consumer lending to stimulate the economy, millions of Chinese borrowers, especially the young, are falling into debt spirals.
