No, Gen Z Is Not ‘Drowning In Debt' More Than Other Generations [Forbes]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: Forbes
getty An Associated Press report dug into “buy now, pay later” programs and the problems they can cause. They can be particularly attractive to people with poor or no credit histories. There's been press over the years arguing that the Gen Z demographic — those born between 1997 and 2021 — has been particularly enamored of the arrangements and that somehow it is putting them in debt more than any other generation. Except, they aren't. Buy Now Pay Later Let's start with BNPL programs. In theory, they can sound fine for someone without available credit, or who doesn't want to use up more: installation payments that sometimes can be completed without interest. As the Consumer Financial Protection Bureau explained , the loans generally ranged from $50 to $1,000, spread across four payments. There are late fees if the buyer misses a payment and there can be fees for declined payments. Some plans include interest or finance charges. Originally big with online purchases of goods,
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- These Savings Rates Won't Last. Don't Wait Until the New Year to Make a Move. Today's Savings Rates, Dec. 4, 2024 [CNET News]CNET News
- Savings Rates Are Falling, but There's Still Time to Grab a 5% APY. Today's Savings Rates, Dec. 3, 2024 [CNET News]CNET News
LC
Earnings
- 10/23/24 - Beat
LC
Sec Filings
- 12/6/24 - Form 4
- 12/5/24 - Form 144
- 11/27/24 - Form 4
- LC's page on the SEC website