The Post Millennial 
While inflation continues its reign of terror over American consumers, holiday shoppers are financing their purchases via “buy now, pay later” apps, new data on Thanksgiving spending shows.
Spending with financing services such as Affirm, Afterpay, and Klarna rose 1.3 percent on Thanksgiving, reported The New York Post. The apps allow consumers to make smaller payments over time for their purchase, oftentimes with interest.
At the same time, the average order value of the purchases made on these apps declined by 6 percent, according to Salesforce data, indicating that shoppers need more help to buy less expensive things than in prior years. In addition, retailers have also been increasing discounts as Americans can afford less and less, with the average online markdown reaching 31 percent, 7 percent higher than last year…
