This statistic shows the results of a survey in which respondents in the United Kingdom (UK) were asked if they would value an installment payment option when making a significant purchase by age group. Younger respondents are more open to the option of payment installments for higher valued goods; 68 percent of 18 to 24 year olds valued the option of being able to pay in installments.
Share of consumers perceiving payment installments as valuable in the United Kingdom (UK) from 2015 to 2016, by age group*
* This question was phrased by the source as follows: "When making a purchase, how valuable would an installment choice be for you, for example, purchasing a £500 refrigerator and paying it off in monthly installments of £100?"
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TSYS. (March 17, 2016). Share of consumers perceiving payment installments as valuable in the United Kingdom (UK) from 2015 to 2016, by age group* [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/747719/value-of-installment-payments-by-age-group-in-the-united-kingdom/
TSYS. "Share of consumers perceiving payment installments as valuable in the United Kingdom (UK) from 2015 to 2016, by age group*." Chart. March 17, 2016. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/747719/value-of-installment-payments-by-age-group-in-the-united-kingdom/
TSYS. (2016). Share of consumers perceiving payment installments as valuable in the United Kingdom (UK) from 2015 to 2016, by age group*. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/747719/value-of-installment-payments-by-age-group-in-the-united-kingdom/
TSYS. "Share of Consumers Perceiving Payment Installments as Valuable in The United Kingdom (Uk) from 2015 to 2016, by Age Group*." Statista, Statista Inc., 17 Mar 2016, https://www.statista.com/statistics/747719/value-of-installment-payments-by-age-group-in-the-united-kingdom/
TSYS, Share of consumers perceiving payment installments as valuable in the United Kingdom (UK) from 2015 to 2016, by age group* Statista, https://www.statista.com/statistics/747719/value-of-installment-payments-by-age-group-in-the-united-kingdom/ (last visited December 23, 2024)
Share of consumers perceiving payment installments as valuable in the United Kingdom (UK) from 2015 to 2016, by age group* [Graph], TSYS, March 17, 2016. [Online]. Available: https://www.statista.com/statistics/747719/value-of-installment-payments-by-age-group-in-the-united-kingdom/
