More holiday shoppers going in to debt to buy gifts as inflation soars

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.

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Again, who didn't see this coming?