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Affirm Rises as CEO Sees Gas Price Impact
Affirm stock saw a boost, but its CEO notes rising gas prices are hurting American shoppers.
High gas prices are making it tough for many people. The national average gas price is now $4.09 per gallon. Gas was last under $3 a gallon in early March. This jump makes it harder for families to buy what they need.
Affirm's CEO, Max Levchin, sees this problem clearly. He shared this concern even as his company's stock rose. Affirm provides a 'buy now, pay later' service. They help shoppers split up payments for bigger purchases.
Affirm's business looks strong, but the high cost of gas affects everyone. When people spend more at the pump, they have less money for other things. This can change how people spend their money overall.
Source: CNBC
