In October 2023, nearly two thirds of buy now, pay later (BNPL) purchases made by financially fragile users of that technology in the United States had a value of up to 250 U.S. dollars. In comparison, a higher share of the purchases made by financially stable BNPL users had a higher value.
Share of buy now, pay later (BNPL) purchases in the United States in October 2023, by purchase value and users' economic situation
Economic situation of user
0 to 250 U.S. dollars
250 to 500 U.S. dollars
500 to 750 U.S. dollars
750 to 1,000 U.S. dollars
1,000 to 1,250 U.S. dollars
1,250 to 1,500 U.S. dollars
1,500 to 1,750 U.S. dollars
1,750 to 2,000 U.S. dollars
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New York Fed. (February 14, 2024). Share of buy now, pay later (BNPL) purchases in the United States in October 2023, by purchase value and users' economic situation [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1328281/size-of-bnpl-purchases-in-the-us-by-age/
New York Fed. "Share of buy now, pay later (BNPL) purchases in the United States in October 2023, by purchase value and users' economic situation." Chart. February 14, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1328281/size-of-bnpl-purchases-in-the-us-by-age/
New York Fed. (2024). Share of buy now, pay later (BNPL) purchases in the United States in October 2023, by purchase value and users' economic situation. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1328281/size-of-bnpl-purchases-in-the-us-by-age/
New York Fed. "Share of Buy Now, Pay Later (Bnpl) Purchases in The United States in October 2023, by Purchase Value and Users' Economic Situation." Statista, Statista Inc., 14 Feb 2024, https://www.statista.com/statistics/1328281/size-of-bnpl-purchases-in-the-us-by-age/
New York Fed, Share of buy now, pay later (BNPL) purchases in the United States in October 2023, by purchase value and users' economic situation Statista, https://www.statista.com/statistics/1328281/size-of-bnpl-purchases-in-the-us-by-age/ (last visited July 22, 2024)
Share of buy now, pay later (BNPL) purchases in the United States in October 2023, by purchase value and users' economic situation [Graph], New York Fed, February 14, 2024. [Online]. Available: https://www.statista.com/statistics/1328281/size-of-bnpl-purchases-in-the-us-by-age/