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Thecost of many itemsthat line the grocery shelves has increased nearly 21% since early 2021.
However, theres good news for shoppers.
Credit Cards
One popular way to pay for groceries is using credit cards.
It turns out theyre being used to meet basic necessities like food as well.
Further, 37% of those who used BNPL for groceries said they missed payments on these loans.
Like missing credit card payments, this can compound financial difficulties.
This leaves them with less liquid savings for a large expense and can contribute toincreased debt loads.
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