Why it is the topic trending: • Shifting Use of “Buy Now, Pay Later” (BNPL): The article highlights a significant change in how consumers are utilizing BNPL services, extending their use from discretionary big-ticket items to everyday necessities like groceries. This novel application of BNPL is attracting attention and raising questions about the underlying economic conditions….
Category: BNPL
Entertainment: Summer Concerts Trends in 2025: Gen Z and Buy Now, Pay Later Take Center Stage
Why is the topic trending? • Upcoming Summer Concert Season: As summer approaches, interest in concert trends and consumer behavior around live music events naturally increases. • Focus on Gen Z and Millennials: These demographic groups are identified as the most likely concertgoers, making their preferences and spending habits a key trend. • Economic Uncertainty and Concert…
Shopping: More US shoppers paying for groceries with ‘buy now, pay later’ loans
Why it is the topic trending: • Alarming Trend in Consumer Finance: The significant increase in the use of “buy now, pay later” (BNPL) loans for purchasing essential items like groceries is an alarming indicator of the financial strain many US consumers are facing. • Detailed description: This shift from using BNPL for discretionary purchases like clothing…
Insight of the Day: Research suggests those who use buy-now-pay-later services end up spending more
Detailed Findings: • Consumers using Buy-Now-Pay-Later (BNPL) services spend on average 6.42% more than those using traditional payment methods. • Increased spending is most notable on low-ticket, everyday items. • The effect is particularly strong among younger shoppers and lower-income consumers, driven by the allure of immediate gratification and additional liquidity. • Psychological principles such…
Insight of the Day: BNPL really does make shoppers spend more – report
Findings1. Increased Spending: BNPL schemes increase customer spending by approximately 10%.2. Higher Purchase Likelihood: Shoppers’ willingness to buy rises by nine percentage points with BNPL options.3. Long-Term Impact: The spending increase persists beyond the initial introduction of BNPL.4. Target Demographics: • Customers who typically use credit cards are more likely to spend more with BNPL….
Insight of the Day: 43% of consumers heading into holiday season with debt
Key Findings1. Financial Stress is High During the Holidays: • 49% of consumers feel stressed about affording the holidays. • 61% cite inflation and rising costs as major budget challenges.2. Significant Debt Among Consumers: • 43% of consumers are entering the holiday season with existing debt. • 33% carry debt exceeding $5,000.3. Holiday Spending and Debt Plans: •…
Insight of the Day: Consumers tap credit cards, loans to manage inflation
Findings: • The use of credit cards and loans to manage rising prices has increased among U.S. adults, particularly among Gen Z and millennials. As of October 2023, nearly 40% of U.S. adults were relying on credit cards or loans to make ends meet, up from about 37% a year earlier. Those in households experiencing…
Insight of the Day: Paycheck-to-Paycheck Consumers More Than Twice as Likely to Use BNPL
Summary: The article reports on the increasing adoption of Buy Now Pay Later (BNPL) payment options among consumers facing financial difficulties, particularly those living paycheck to paycheck.Findings: • Higher BNPL Adoption Among Financially Challenged: 26% of consumers who struggle to pay bills and 21% who live paycheck to paycheck without difficulty are likely to use BNPL. Only 10% of…
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