Your Money: navigating buy now, pay later programs

The use of buy now, pay later services such as Klarna, Afterpay, and Affirm have led to a market worth more than $560 billion worldwide, with projections expecting it to double to more than $1 trillion in the next five years. The most common users of these services are young people, who utilize the platforms for everyday items paid for over multiple installments. Personal finance expert Rubina Ahmed-Haq joins Miranda Anthistle on this week’s Your Money, to break down the numbers.