djr-2022-11-26-news-black-friday-arp5 (copy)

In this file photo from 2022, area residents shop for deals during Black Friday shopping at the Mall at Barnes Crossing in Tupelo, Miss.

NEW YORK — More shoppers than ever are on track to use 'buy now, pay later' plans this holiday season, as the ability to spread out payments looks attractive at a time when Americans still feel the lingering effect of inflation and already have record-high credit card debt.

The data firm Adobe Analytics predicts shoppers will spend 11.4% more this holiday season using buy now, pay later than they did a year ago. The company forecasts shoppers will purchase $18.5 billion worth of goods using the third-party services for the period Nov. 1 to Dec. 31, with $993 million worth of purchases on Cyber Monday alone.

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