In July 2024, nearly half of buy now, pay later (BNPL) users in the United States were likely to employ these services to make purchases that did not fit in their budget. Meanwhile, 14 percent of BNPL users were using that technology because their credit cards were maxed out. Buy now, pay later platforms provide short-term consumer credit for online or point-of-sale purchases.
Share of buy now, pay later (BNPL) users that mentioned the following reasons to use that technology in the United States in 2022 and 2023
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Federal Reserve. (May 22, 2024). Share of buy now, pay later (BNPL) users that mentioned the following reasons to use that technology in the United States in 2022 and 2023 [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1328301/debt-behavior-of-bnpl-users-in-the-us/
Federal Reserve. "Share of buy now, pay later (BNPL) users that mentioned the following reasons to use that technology in the United States in 2022 and 2023." Chart. May 22, 2024. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1328301/debt-behavior-of-bnpl-users-in-the-us/
Federal Reserve. (2024). Share of buy now, pay later (BNPL) users that mentioned the following reasons to use that technology in the United States in 2022 and 2023. Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1328301/debt-behavior-of-bnpl-users-in-the-us/
Federal Reserve. "Share of Buy Now, Pay Later (Bnpl) Users That Mentioned The following Reasons to Use That Technology in The United States in 2022 and 2023." Statista, Statista Inc., 22 May 2024, https://www.statista.com/statistics/1328301/debt-behavior-of-bnpl-users-in-the-us/
Federal Reserve, Share of buy now, pay later (BNPL) users that mentioned the following reasons to use that technology in the United States in 2022 and 2023 Statista, https://www.statista.com/statistics/1328301/debt-behavior-of-bnpl-users-in-the-us/ (last visited December 04, 2024)
Share of buy now, pay later (BNPL) users that mentioned the following reasons to use that technology in the United States in 2022 and 2023 [Graph], Federal Reserve, May 22, 2024. [Online]. Available: https://www.statista.com/statistics/1328301/debt-behavior-of-bnpl-users-in-the-us/
