In a survey conducted among financial advisors in Australia in 2023, around 62 percent of respondents agreed that cost of living pressures had led to more clients using buy now, pay later for essential expenses than in the past. Just two percent of respondents disagreed with this statement.
Opinion on cost of living pressures leading to increase in buy now, pay later (BNPL) usage for essential expenses in Australia as of May 2023
Figures are based on a survey of financial counsellors about their casework
experiences.
Survey respondents were asked whether they agreed or disagreed with the
statement: “Cost-of-living pressures mean more clients are using BNPL for essential expenses than in the past.”
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Financial Counselling Australia. (July 23, 2023). Opinion on cost of living pressures leading to increase in buy now, pay later (BNPL) usage for essential expenses in Australia as of May 2023 [Graph]. In Statista. Retrieved December 31, 2024, from https://www.statista.com/statistics/1413855/australia-bnpl-usage-for-essential-expenses-due-to-cost-of-living/
Financial Counselling Australia. "Opinion on cost of living pressures leading to increase in buy now, pay later (BNPL) usage for essential expenses in Australia as of May 2023." Chart. July 23, 2023. Statista. Accessed December 31, 2024. https://www.statista.com/statistics/1413855/australia-bnpl-usage-for-essential-expenses-due-to-cost-of-living/
Financial Counselling Australia. (2023). Opinion on cost of living pressures leading to increase in buy now, pay later (BNPL) usage for essential expenses in Australia as of May 2023. Statista. Statista Inc.. Accessed: December 31, 2024. https://www.statista.com/statistics/1413855/australia-bnpl-usage-for-essential-expenses-due-to-cost-of-living/
Financial Counselling Australia. "Opinion on Cost of Living Pressures Leading to Increase in Buy Now, Pay Later (Bnpl) Usage for Essential Expenses in Australia as of May 2023." Statista, Statista Inc., 23 Jul 2023, https://www.statista.com/statistics/1413855/australia-bnpl-usage-for-essential-expenses-due-to-cost-of-living/
Financial Counselling Australia, Opinion on cost of living pressures leading to increase in buy now, pay later (BNPL) usage for essential expenses in Australia as of May 2023 Statista, https://www.statista.com/statistics/1413855/australia-bnpl-usage-for-essential-expenses-due-to-cost-of-living/ (last visited December 31, 2024)
Opinion on cost of living pressures leading to increase in buy now, pay later (BNPL) usage for essential expenses in Australia as of May 2023 [Graph], Financial Counselling Australia, July 23, 2023. [Online]. Available: https://www.statista.com/statistics/1413855/australia-bnpl-usage-for-essential-expenses-due-to-cost-of-living/
